Coin界 News: Crypto reporter Eleanor Terrett posted on X platform stating that a new advocacy organization called “Investors For Transparency” is running advertisements during Fox News prime time, calling on viewers to oppose provisions related to decentralized finance (DeFi) in an upcoming crypto market structure bill under review. This action comes one week before senators plan to hold a committee vote on the bill next week. She noted that the regulatory treatment of DeFi has been one of the most controversial parts of the bill, sparking significant disagreements among legislators, traditional financial institutions, and within the crypto industry itself. The specific wording of the relevant provisions remains unclear at present. The Senate Banking Committee is expected to release the bill text it is responsible for before the markup session next Thursday, at which time the legislative direction regarding DeFi may become clearer.
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Advocate for organizations to run advertisements opposing the DeFi provisions in the Crypto Market Structure Bill
Coin界 News: Crypto reporter Eleanor Terrett posted on X platform stating that a new advocacy organization called “Investors For Transparency” is running advertisements during Fox News prime time, calling on viewers to oppose provisions related to decentralized finance (DeFi) in an upcoming crypto market structure bill under review. This action comes one week before senators plan to hold a committee vote on the bill next week. She noted that the regulatory treatment of DeFi has been one of the most controversial parts of the bill, sparking significant disagreements among legislators, traditional financial institutions, and within the crypto industry itself. The specific wording of the relevant provisions remains unclear at present. The Senate Banking Committee is expected to release the bill text it is responsible for before the markup session next Thursday, at which time the legislative direction regarding DeFi may become clearer.