The Senate Enters Critical Voting Period Next Week; Interest Groups Spend Heavily on Ads Opposing DeFi Provisions in Crypto Legislation
Recently, a new advocacy organization called "Investors For Transparency" has placed advertisements during prime time on @FoxNews, publicly calling on the public to oppose the decentralized finance (DeFi) related provisions in the forthcoming "Cryptocurrency Market Structure Act."
According to Eleanor Terrett, the bill will be voted on in the Senate committee next week. Against this backdrop, the ad placement strategically targets the critical window period one week before the vote, aiming to seize this final opportunity to influence the legislative process.
It is worth noting that within this bill, the DeFi provisions have been one of the focal points of disagreements and intense negotiations among legislators, traditional finance, and the crypto industry.
While the specific wording of the relevant provisions remains unclear, the Senate Banking Committee stated that it will release the text it is responsible for drafting before the bill review meeting on Thursday next week, at which point the situation may gradually become clearer.
Overall, in the face of the contradiction between rapid technological evolution and relatively lagging legislative procedures, how to strike a balance between preventing financial risks and promoting industry development has become a common challenge facing both the crypto industry and regulators.
The Senate Enters Critical Voting Period Next Week; Interest Groups Spend Heavily on Ads Opposing DeFi Provisions in Crypto Legislation
Recently, a new advocacy organization called "Investors For Transparency" has placed advertisements during prime time on @FoxNews, publicly calling on the public to oppose the decentralized finance (DeFi) related provisions in the forthcoming "Cryptocurrency Market Structure Act."
According to Eleanor Terrett, the bill will be voted on in the Senate committee next week. Against this backdrop, the ad placement strategically targets the critical window period one week before the vote, aiming to seize this final opportunity to influence the legislative process.
It is worth noting that within this bill, the DeFi provisions have been one of the focal points of disagreements and intense negotiations among legislators, traditional finance, and the crypto industry.
While the specific wording of the relevant provisions remains unclear, the Senate Banking Committee stated that it will release the text it is responsible for drafting before the bill review meeting on Thursday next week, at which point the situation may gradually become clearer.
Overall, in the face of the contradiction between rapid technological evolution and relatively lagging legislative procedures, how to strike a balance between preventing financial risks and promoting industry development has become a common challenge facing both the crypto industry and regulators.
#加密货币监管 # DeFi