A group called “Investors For Transparency” is running ads on Fox News, urging the public to pressure senators to pass a crypto bill without DeFi provisions. Uniswap founder mocks the organization for opposing DeFi but not disclosing its own funding sources.
(Background summary: The “Blockchain Regulation Clarity Act” is officially included in the CLARITY Digital Market Clarity Act, with the top ten crypto organizations applauding)
(Additional background: DeFi regulation dawn: U.S. Department of Justice: No longer prosecuting decentralized software developers for “unlicensed fund transfers”)

Table of Contents

• Uniswap Founder Mocks: The “Transparent” Organization That Is Anti-Transparency
• Banking Concerns: $6.6 Trillion in Deposits at Risk of Outflow
• Review of CLARITY Bill Progress

Groups opposing decentralized finance (DeFi) are running ads on Fox News, calling on the public to pressure senators to pass legislation regulating the crypto market structure without DeFi provisions.

Crypto in America host Eleanor Terrett shared screenshots of these ads on social platform X. The ads are initiated by a group called “Investors For Transparency,” with messages including:

• “Tell your senators: Pass crypto legislation without DeFi provisions”
• “Don’t let DeFi hinder innovation”

The goal of these ads is to prevent DeFi provisions from being included in the CLARITY Bill (Digital Asset Market Clarity Act).

Uniswap Founder Mocks: The “Transparent” Organization That Is Anti-Transparency

Hayden Adams, CEO of Uniswap Labs, commented that this “is both ironic and not surprising”:

A group called “Investors For Transparency” opposes DeFi but does not disclose its own funding sources.

Adams implied that the organization might represent traditional financial interest groups trying to block decentralized finance from challenging the existing financial system.

Banking Concerns: $6.6 Trillion in Deposits at Risk of Outflow

Behind this wave of anti-DeFi advertising, there are deep concerns from the traditional banking sector about crypto legislation. The CLARITY Bill will allow stablecoin issuers to offer interest-bearing products, which has lobbyists worried that trillions of dollars could shift from traditional banks.

According to estimates from the U.S. Department of the Treasury, if stablecoins are widely adopted, up to $6.6 trillion in deposits could transfer from traditional banking systems to the crypto sector.

Senate Banking Committee Chair Tim Scott expressed optimism about the bill’s prospects, believing it can pass quickly and “bring tangible benefits to the American people.”

The committee has scheduled a bill review for 10:00 AM on January 15, 2026 (Eastern Time). This will be a critical moment in determining the fate of DeFi provisions.

Review of CLARITY Bill Progress

The CLARITY Bill previously passed the House with 294 votes in favor and 134 against, with bipartisan support from 78 Democrats. The bill is one of the three major pillars of U.S. crypto regulation, alongside the GENIUS Stablecoin Act and the Anti-CBDC Act.

The Blockchain Regulation Clarity Act (BRCA) has been officially incorporated into the CLARITY Bill, supported by a joint statement from ten leading crypto organizations including the DeFi Education Fund, Coin Center, and Solana Policy Research Institute.