An anti-DeFi group launched Fox News advertisements opposing DeFi provisions in the CLARITY Act, citing risks tied to stablecoin interest products and warning of trillions in potential bank deposit outflows ahead of a scheduled Senate review.
Investors For Transparency, an anti-DeFi advocacy group, launched Fox News advertisements urging U.S. senators to exclude decentralized finance provisions from the proposed CLARITY Act. The group argues that DeFi-related stablecoin interest products could trigger up to $6.6 trillion in bank deposit outflows. The campaign comes ahead of a Senate review scheduled for January 15, intensifying debate over the bill’s DeFi clauses.