- Emin Gun Sirer addressed the House of Representatives
- He urged regulators to adopt sensible rules for blockchain technology
Today, June 13, Ava Labs CEO Emin Gun Sirer addressed the House Financial Services Committee. The topic of his speech was protecting blockchain technology.
The cryptocurrency leader called on regulators from the United States to adopt sensible rules for the sector to create a framework for the responsible development of blockchain technology. Along with Cyrer, Circle CEO Jeremy Aller, Coy Harrison of law firm Partner, Steptoe & Johnson and Thomas Sexton III, president and CEO of NFA News, spoke before the House.
Sam Emin Guen said he wants to reclaim the need for free, secure and responsible blockchain innovation in the United States, and the technical and scientific benefits of these systems. Nevertheless, he focused on one aspect of his speech: tokenization, which includes a digital representation of real assets.
“Tokenization was not created to circumvent legislation.. This is a natural result of the development of blockchain technology and one of the improvements it offers over traditional systems, similar to the way computer databases have improved paper filing cabinets. The developers did not intend the technology to circumvent laws and regulations,” said the CEO of Ava Labs.
Blockchain solves a major problem in the computer science sector, according to Cyrer, which is achieving consensus among diverse and widespread computers. He also emphasized the rise of AI and added that blockchain will be critical as the world seeks a “more digital world.”
He also stressed the growth of AI and added that blockchain will be critical as the world seeks a “more digital world.