Yes

>>DeFi faces criticism after an anti‑crypto organization launches a large advertising campaign.

DeFi faces criticism after an anti‑crypto organization launches a large advertising campaign.

crypthub

1 day ago

Fox Ads Target DeFi in CLARITY Act

Investors For Transparency has launched prime‑time ads on Fox News urging viewers to oppose DeFi provisions in the pending CLARITY Act. The campaign appears a week before the Senate Banking Committee’s vote, framing decentralized finance as a threat to financial stability. It suggests that excluding DeFi will foster broader innovation. Critics question who funds the anonymous advocacy group.

Industry Backlash and Concerns

Uniswap Labs CEO Hayden Adams called the group’s tactics “ironic and unsurprising,” highlighting the mystery behind its backers. Online commentators argue the ads mischaracterize DeFi as a risky investment and fear they could damage the $120 billion decentralized lending market. Others note the GENIUS Act already limits stablecoin reward abuses, making some regulatory fears overstated.

Democratic Push for Stricter Rules

Democrats are proposing tight controls on DeFi, including front‑end sanctions compliance for developers and expanded Treasury “special measures.” They seek rules for “non‑decentralized” projects, stricter oversight of crypto ATMs, and greater FTC authority to protect consumers. The party also wants a proactive notification process to inform the SEC that certain tokens are not securities.

Senate Outlook and Potential Impact

Senate Banking Committee Chairman Tim Scott believes the bill will soon advance and deliver concrete benefits for Americans. A forthcoming committee release is expected to clarify the bill’s stance on DeFi before Thursday’s markup. The outcome will shape whether compliance is embedded in DeFi workflows or imposed on developers, influencing the sector’s future stability.