Congressman Sean Casten introduces the CODE Act to enhance security and compliance in decentralized finance.
Quiver AI Summary
U.S. Representative Sean Casten introduced the Compliant Operations of Decentralized Entities (CODE) Act of 2025, aimed at addressing illicit activities in decentralized finance (DeFi) and enhancing cybersecurity. Casten stated, "We cannot ignore the illicit activity...to steal cryptocurrency and fund...nuclear weapons."
The bill proposes a partnership between the Department of the Treasury, federal agencies, and DeFi services to establish anti-money laundering and cybersecurity protocols within DeFi systems. It also includes measures to prevent conflicts of interest related to cryptocurrency companies connected to the President.
The proposed legislation aims to develop standards for compliance with U.S. financial laws and direct the Financial Crimes Enforcement Network to implement tailored rules for DeFi entities. The full text of the legislation is available online.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Sean Casten Net Worth
Quiver Quantitative estimates that Sean Casten is worth $3.3M, as of July 15th, 2025. This is the 183rd highest net worth in Congress, per our live estimates.
Casten has approximately $219.3K invested in publicly traded assets which Quiver is able to track live.
You can track Sean Casten's net worth on Quiver Quantitative's politician page for Casten.
Sean Casten Bill Proposals
Here are some bills which have recently been proposed by Sean Casten:
- H.R.4161: Fair Calculations in Civil Damages Act of 2025
- H.R.4125: Equal Voices Act
- H.R.4124: Restoring Judicial Separation of Powers Act
- H.R.4096: Financial Empowerment and Protection Act
- H.R.2823: Climate Change Financial Risk Act of 2025
- H.R.2592: Aviation Medication Transparency Act of 2025
You can track bills proposed by Sean Casten on Quiver Quantitative's politician page for Casten.
Sean Casten Fundraising
Sean Casten recently disclosed $379.0K of fundraising in a Q1 FEC disclosure filed on April 15th, 2025. This was the 164th most from all Q1 reports we have seen this year. 71.4% came from individual donors.
Casten disclosed $134.2K of spending. This was the 327th most from all Q1 reports we have seen from politicians so far this year.
Casten disclosed $947.2K of cash on hand at the end of the filing period. This was the 256th most from all Q1 reports we have seen this year.
You can see the disclosure here, or track Sean Casten's fundraising on Quiver Quantitative.
