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Digital Finance Security: New Rules for Decentralized Services

This act aims to enhance security and transparency in the digital finance world, such as cryptocurrencies. It introduces new rules to combat money laundering and terrorist financing, which may affect how some digital services are used. Citizens might experience greater security in digital transactions, but also new identity verification requirements.
Key points
Government collaboration with digital companies to develop safer solutions for decentralized finance.
Introduction of clear rules for digital finance service providers to prevent illegal activities.
Requirement for digital finance services to implement anti-money laundering and sanctions compliance programs.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_4394
Sponsor: Rep. Casten, Sean [D-IL-6]
Process start date: 2025-07-15
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

the CODE Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_4394.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-07-15.

What are the main provisions?

Key points include:

  • Government collaboration with digital companies to develop safer solutions for decentralized finance.
  • Introduction of clear rules for digital finance service providers to prevent illegal activities.
  • Requirement for digital finance services to implement anti-money laundering and sanctions compliance programs.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Casten, Sean [D-IL-6].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Economy Courts and Law Security