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An advocacy group has placed an ad on Fox News calling for opposition to the DeFi provisions in the crypto bill
Svmuu News: Crypto journalist Eleanor Terrett posted on X that the advocacy group Investors For Transparency is running ads during prime time on Fox News, urging viewers to oppose the provisions regarding DeFi in the upcoming Crypto Market Structure Act. The relevant Senate committee is set to vote on the bill next week. The treatment of DeFi is one of the most contentious parts of the bill, sparking intense debate among lawmakers, the traditional financial sector, and the crypto industry. The exact wording of the relevant provisions remains unclear, and the Senate Banking Committee will release its draft of the bill’s relevant sections ahead of its review next Thursday.
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