- The leaders of crypto companies spoke
- They voiced important industry challenges to authorities
The House Financial Services Committee met June 13 on “The Future of Digital Assets: Providing Clarity for the Digital Asset.”. They heard from key figures in the blockchain industry.
So, the event featured speakers:
- Jeremy Aller – co-founder, chairman and CEO of Circle;
- Koy Harrison – partner at Steptoe & Johnson LLP and former counsel to Commissioner Hester M. Pierce;
- Gyun Sirer, founder and CEO, Ava Labs;
- Thomas Sexton, president and CEO, National Futures Association;
- Aaron Kaplan, founder and co-CEO, Prometheum.
There were various topics discussed at the hearing. Thus, the head of Circle Jeremy Allaire supported the bill to regulate stablcoins. He stressed that it is now important to maintain the dominance of the dollar. Stablecoins, which provide dollar transactions online, will help.
The head of Ava Labs, Gun Sirer, spoke about the value of blockchain technology. He compared it to the revolution after the advent of the Internet. Sirer also warned that a hostile crypto policy would cause the U.S. to lose technological leadership to rival countries.
All the speakers unanimously stated the importance of sensible regulation. The committee discussed the latest lawsuits against Binance and Coinbase. They believe that the lack of clear laws led to these events.