An Advocacy Group Runs Ads on Fox News, Urging Opposition to DeFi Provisions in Crypto Bill

Odaily News: Crypto journalist Eleanor Terrett posted on platform X, stating that the advocacy group Investors For Transparency is running advertisements during Fox News' prime time, urging viewers to oppose the provisions related to DeFi in the upcoming cryptocurrency market structure bill. The relevant Senate committee will vote on the bill next week. The treatment of DeFi is one of the most contentious parts of the bill, sparking intense debate among legislators, TradFi, and within the crypto industry itself. The wording of the relevant provisions is currently unclear; the Senate Banking Committee will release its portion of the bill before deliberation next Thursday.