The Senate enters a critical voting period next week as interest groups pour heavy advertising funds to oppose crypto legislation DeFi clauses

Recently, a new advocacy organization called "Investors For Transparency" has aired ads during Fox News' prime time and publicly called on the public to oppose the DeFi-related provisions in the upcoming Cryptocurrency Market Structure Bill.

According to Eleanor Terrett, the bill will be voted on next week in the Senate committee. Against this backdrop, the ad campaign precisely targets the critical window one week before the vote, aiming to influence the legislative process at this final stage.

It is worth noting that the design of the DeFi clauses in the bill has long been a focal point of disagreement and intense debate among legislators, traditional finance, and the crypto industry.

Although the specific wording of the relevant clauses remains unclear, the Senate Banking Committee has stated it will release the draft text responsible for drafting the bill before the markup session next Thursday, which may shed more light on the situation.

Overall, under the reality of rapid technological evolution and relatively sluggish legislative procedures, how to balance financial risk prevention with industry development has become a common challenge faced by the crypto industry and regulators alike.

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