[US Democratic Congressman: Regulators or the crypto industry itself do not have a "consensus definition" of DeFi] Golden Finance reported that the U.S. House of Representatives Financial Services Digital Assets Subcommittee discussed DeFi regulation at a hearing. Massachusetts Democratic Congressman Stephen Lynch said that regulators or the industry itself do not have a "consensus definition" of DeFi. He also criticized the entire crypto industry, saying that the industry has been damaged by the "implosion incident" and called for legislation. Stephen Lynch said: "The committee should have explored digital asset topics such as DeFi and tokenization long before the legislation was introduced. The FIT Act, which I strongly oppose, excludes DeFi services. I urge the committee not to advance similar legislation because it will raise the same consumer and investor protection risks by legalizing the industry."