Anti-DeFi Group Runs Fox Ads Urging Crypto Bill Rewrite

Crypto News DeFi

Anti-DeFi Group Pushes Fox News Ads Urging Crypto Bill Without DeFi

Written by Aaron S.,

Editor-In-Chief

Last Updated: January 12, 2026

Key Takeaways

Investors For Transparency is running Fox News ads urging senators to back a crypto bill without DeFi-related rules;
The campaign targets the CLARITY Act, which could let stablecoin issuers offer interest-based products similar to bank deposits;
The US Treasury warns stablecoin growth could shift $6.6 trillion from banks as the Senate prepares to review the bill on January 15.

Stop overpaying - start transferring money with Ogvio. Sign up, invite friends & grab Rewards now! 🎁

Anti-DeFi Group Pushes Fox News Ads Urging Crypto Bill Without DeFi

BITDEGREE IN YOUR SOCIAL FEED

A group opposing decentralized finance (DeFi), known as Investors For Transparency, has started airing ads on Fox News.

The campaign asks viewers to urge their senators to support a crypto market bill that leaves out certain DeFi rules seen as unfavorable to banks.

Screenshots shared on X by Crypto in America host Eleanor Terrett show the message, "Tell Your Senator: Pass Crypto Legislation Without DeFi Provisions". Another part of the commercial reads, “Don’t Let DeFi Stall Innovation".

What is an NFT? (Explained with Animations)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

The ad includes a phone number for people to reach their local senators.

These concerns focus on the CLARITY Act, which could allow stablecoin issuers to offer products that pay interest. Critics worry such products could act like bank deposits and pull large amounts of money out of regular banks.

In April 2025, the US Treasury estimated that if stablecoins become widely used, about $6.6 trillion in traditional bank deposits could leave the banking system. Supporters of tighter DeFi limits often cite this figure as evidence of potential financial risk.

This ad campaign comes before the Senate Banking Committee is scheduled to review the CLARITY Act on January 15, at 10:00 AM.

Haseeb Qureshi, managing partner at Dragonfly, recently shared that payment cards powered by stablecoins will become a key development in the crypto industry in 2026. How? Read the full story.