An advocacy group runs ads on Fox News calling for opposition to the DeFi provisions in the crypto bill

According to Odaily, crypto journalist Eleanor Terrett posted on X that the advocacy organization Investors For Transparency is running ads during Fox News' prime time, urging viewers to oppose the DeFi-related provisions in the upcoming crypto market structure bill. The relevant Senate committee will vote on the bill next week. The treatment of DeFi is one of the most controversial parts of the bill, sparking intense debate among lawmakers, TradFi, and the crypto industry. Currently, the wording of the relevant provisions remains unclear, and the Senate Banking Committee will release its portion of the bill before the review next Thursday.