Representative Stephen Lynch discussed H.R. 4763, the Financial Innovation and Technology for the 21st Century Act (Fit21): "Yesterday The Financial Services Committee marked up H.R. 4763, the Financial Innovation and Technology for the 21st Century Act, which unfortunately is a dangerously inept attempt to regulate digital assets market structure. This piece of legislation strips consumer and investor protections, makes reckless changes to established securities law, and injects confusion rather than clarity into our country’s regulatory framework."