Advertisements urge citizens to pressure Senators to exclude DeFi from crypto legislation
A new campaign by an anti-DeFi advocacy group is calling on Americans to contact their Senators ahead of the CLARITY Act markup, urging the removal of decentralized finance provisions. The effort highlights the growing tension between traditional banking interests and the evolving crypto ecosystem.
The group, identified as Investors For Transparency, reportedly aired ads on Fox News instructing viewers: “Tell Your Senator: Pass Crypto Legislation Without DeFi Provisions.” Ads also warned against DeFi “stalling innovation” and promoted a hotline for citizens to voice concerns directly to lawmakers.
According to two screenshots shared Friday by Crypto in America host Eleanor Terrett;
The campaign reflects banking industry apprehensions that stablecoin-based interest products could mimic bank deposits, potentially drawing $6.6 trillion from the traditional banking system, according to US Treasury estimates.
The crypto community has voiced frustration over the campaign. Leaders argue the group’s funding and affiliations remain unclear, highlighting concerns about opaque lobbying against DeFi innovation. Meanwhile, lawmakers are considering conflict-of-interest safeguards as part of the broader bill.
Political analysts caution that the 2026 midterm elections could delay passage, with some projections suggesting final implementation of the CLARITY Act may extend to 2029. However, Senate Banking Committee Chair Tim Scott maintains confidence that the legislation could be passed sooner, aiming to provide regulatory clarity for both crypto and traditional finance sectors.
The ongoing public campaign underscores the high-stakes intersection of DeFi innovation, regulatory frameworks, and banking industry interests, signaling a critical moment for US crypto legislation in the coming months.
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