Anti-DeFi group runs ads urging DeFi to be excluded from crypto market structure bill
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Summary
- It was reported that the anti-DeFi group “Investors For Transparency” ran ads urging that DeFi-related provisions be excluded from crypto market structure legislation.
- Through Fox News ads, the group told the public to contact senators and demand the removal of DeFi provisions and the passage of crypto legislation without DeFi provisions.
- Disagreements over DeFi-related provisions have delayed passage of the U.S. crypto market structure bill, the “CLARITY” Act, with a vote scheduled for 10 a.m. on the 15th.
A group opposed to decentralized finance (DeFi) is calling for DeFi-related provisions to be excluded from cryptoasset (cryptocurrency) market structure legislation.
On the 10th (Korea time), crypto-focused outlet Cointelegraph reported that the anti-DeFi group “Investors For Transparency” recently aired ads on Fox News, urging the public to contact their senators and push for the removal of DeFi-related provisions.
The ad includes the line, “Tell Your Senator: Pass Crypto Legislation Without DeFi Provisions.”
Another line in the ads reads, “Don’t Let DeFi Stall Innovation.”
Behind the group’s ad campaign is a delay in the passage of the U.S. cryptoasset market structure bill, the “CLARITY” Act, stemming from disagreements over DeFi-related provisions. A vote on the bill is scheduled for 10 a.m. local time on the 15th.
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