Anti-DeFi Group Urges Senators to Pass Crypto Legislation Excluding DeFi Provisions
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 10 2026- Legislative Call: The anti-DeFi group is running ads on Fox News urging the public to pressure Senators to pass crypto market structure legislation that excludes DeFi provisions, highlighting a strong intent to protect the banking industry.
- Potential Impact: The US Treasury estimates that widespread adoption of stablecoins could lead to a staggering $6.6 trillion outflow from traditional banking deposits, indicating the perceived threat of DeFi to the financial system.
- Legislative Progress: The Senate Banking Committee has scheduled a markup for the CLARITY Act on January 15, although concerns exist that the bill may be delayed until 2027 due to the 2026 midterm elections.
- Industry Reaction: The crypto community has expressed frustration over anti-DeFi efforts, with Uniswap Labs CEO questioning the transparency of the Investors For Transparency organization, reflecting a strong demand for clarity within the industry.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
