[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  HustleNest [@HustleNest](/creator/twitter/HustleNest) on x XX followers Created: 2025-07-17 19:44:09 UTC # Press Release: Casten Introduces CODE Act to Address Illicit Activity in Decentralized Finance In an action that underscores the growing concern over security in digital finance, Representative Sean Casten has introduced the "Combatting Oversight Deficiencies in Exchange" (CODE) Act. This legislative proposal aims to tackle the escalating challenges posed by illicit activities within decentralized finance (DeFi) networks. [Support transparency and financial security initiatives - Get the book "The Age of Cryptocurrency" ## What is the CODE Act? The CODE Act is a groundbreaking initiative designed to mitigate the risks associated with digital currencies and blockchain technologies. With the rapid growth of DeFi, these platforms have become a haven for some illicit activities, such as money laundering and fraud. Representative Casten aims to establish a regulatory framework that ensures financial transparency and curtails illegal activities, safeguarding both operators and users in the DeFi ecosystem. ## The Need for Regulation in Decentralized Finance Decentralized finance has seen exponential growth, with billions of dollars flowing through various blockchain-based platforms. However, the pseudonymous and borderless nature of these systems has made them prone to misuse by bad actors. Representative Casten  XX engagements  **Related Topics** [finance](/topic/finance) [decentralized](/topic/decentralized) [Post Link](https://x.com/HustleNest/status/1945932553334235478)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
HustleNest @HustleNest on x XX followers
Created: 2025-07-17 19:44:09 UTC
Press Release: Casten Introduces CODE Act to Address Illicit Activity in Decentralized Finance
In an action that underscores the growing concern over security in digital finance, Representative Sean Casten has introduced the "Combatting Oversight Deficiencies in Exchange" (CODE) Act. This legislative proposal aims to tackle the escalating challenges posed by illicit activities within decentralized finance (DeFi) networks. [Support transparency and financial security initiatives - Get the book "The Age of Cryptocurrency"
What is the CODE Act?
The CODE Act is a groundbreaking initiative designed to mitigate the risks associated with digital currencies and blockchain technologies. With the rapid growth of DeFi, these platforms have become a haven for some illicit activities, such as money laundering and fraud. Representative Casten aims to establish a regulatory framework that ensures financial transparency and curtails illegal activities, safeguarding both operators and users in the DeFi ecosystem.
The Need for Regulation in Decentralized Finance
Decentralized finance has seen exponential growth, with billions of dollars flowing through various blockchain-based platforms. However, the pseudonymous and borderless nature of these systems has made them prone to misuse by bad actors. Representative Casten
XX engagements
Related Topics finance decentralized