Anti-DeFi Organization Airs TV Ad, Pressuring Senator to Pass "DeFi Exclusion" Crypto Legislation

By: theblockbeats.news|2026/03/30 04:15:45
0
Share
copy

BlockBeats News, January 10th, an anti-DeFi interest group is running an advertisement on US Fox News, calling on the public to pressure their state senators to push for cryptocurrency market structure legislation that does not include DeFi-related provisions.

Cryptocurrency reporter Eleanor Terrett shared a screenshot on Friday on the X platform showing that the organization "Investors For Transparency" wrote in the ad: "Tell your senator: pass cryptocurrency legislation that does not include DeFi provisions," and provided a hotline for viewers to directly contact the senator's office. The ad also stated: "Don't let DeFi hinder innovation."


The statements are believed to echo the core concerns of the banking industry lobbying group that the "CLARITY Act" may allow stablecoin issuers to offer interest-bearing products, resembling bank deposits, thereby posing a threat to the traditional banking system. The US Treasury Department estimated in April of this year that if stablecoins were widely adopted, up to $6.6 trillion in deposits could flow out of the traditional banking system.


At the time of the ad placement, the US Senate Banking Committee has issued a notice that it will amend the "CLARITY Act" for deliberation this Thursday (January 15) at 10 a.m. Eastern Time. The anti-DeFi action has sparked dissatisfaction in the cryptocurrency industry. Uniswap Labs CEO Hayden Adams stated that the organization opposes DeFi on one hand while not disclosing its members and funding sources, a practice that is "both ironic and unsurprising."

-- Price

--

You may also like

Champion's Final Bow: FC Barcelona vs Real Betis – Celebrate the Title with a Home Finale

FC Barcelona are champions! After beating Real Madrid to clinch the 2025-26 LALIGA title, Barça return home to face Real Betis on May 17. A victory party at Spotify Camp Nou awaits. Full preview inside.

Best Oil Trading Platform for Crypto Users in 2026

Looking for the best oil trading platform for crypto users? Trade crude oil, gold, forex, and US stock futures directly with USDT on WEEX TradFi with 0% trading fees and no broker account required.

5 Futures Trading Strategies Smart Traders Use to Cut Crypto Fees and Boost Futures Returns

Most futures traders focus on entries and exits but ignore the fees quietly killing profits. Learn 5 futures trading strategies to cut costs and improve returns in 2026.

What Is TradFi? How Crypto Traders Can Now Access Crude Oil, Gold, and Global Markets

What is TradFi in crypto? Learn how crypto traders can now trade crude oil, gold, stocks, and global markets directly with USDT on WEEX TradFi with 0 fee trading and a $150,000 bonus pool.

How WEEX Bridges Crypto and Football: A Deep Look at the LALIGA Partnership Inside the WEEX App

WEEX is not just a LALIGA sponsor. It’s a true partner. From iPhone Dynamic Island to LALIGA-themed app icons and smart posters, see how WEEX brings football passion into every trade — and builds a real bridge between crypto and sports.

FC Barcelona vs Real Madrid Preview: El Clásico – Can Barça Clinch the Title at Spotify Camp Nou?

FC Barcelona vs Real Madrid El Clásico match preview for May 11, 2026. Barça need just 1 point to win LALIGA. Can Madrid delay the trophy? Full preview inside.

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com