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The DeFi regulatory storm has escalated. A newly established crypto advocacy organization recently spent money on advertisements during Fox News' prime time, directly targeting the crypto market structure bill scheduled for a vote next week. Their main focus is on the provisions related to DeFi — which has actually been the most controversial part of the entire bill.
What signals does this move reveal? Industry insiders generally believe that traditional finance and regulatory authorities remain cautious about DeFi. Using widespread advertising to sway public opinion indicates that the industry is actively taking steps to protect its own survival space. After all, once these provisions pass, the impact on the entire DeFi ecosystem will be significant.
Now, we just wait for the results of next week's vote.