the CODE Act of 2025

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 4394 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 4394 To require the Secretary of the Treasury to develop a public-private partnership program to examine innovative anti-money laundering solutions for decentralized finance services, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES July 15, 2025 Mr. Casten introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To require the Secretary of the Treasury to develop a public-private partnership program to examine innovative anti-money laundering solutions for decentralized finance services, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as ``the Compliant Operations of Decentralized Entities Act of 2025'' or the ``the CODE Act of 2025''. SEC. 2. FINDINGS. The Congress finds the following: (1) In 2019, under the Trump Administration, the Financial Crimes Enforcement Network issued guidance (FIN-2019-G001) to clarify that decentralized finance applications may be required to register with the agency and comply with the Bank Secrecy Act, including anti-money laundering, recordkeeping, and reporting requirements. (2) In 2019, under the Trump Administration, the Financial Crimes Enforcement Network published an advisory (FIN-2019- A003) noting that the prevalence of unregistered cryptocurrency entities without sufficient anti-money laundering controls enables illicit activity that threatens national security. (3) In 2022, under the Biden Administration, the Federal Bureau of Investigation published a public service announcement (I-082922-PSA) encouraging decentralized finance services to institute r