Ava Labs CEO Emin Gün Sirer will testify before the U.S. House Financial Services Committee on June 13, calling for officials to support responsible blockchain innovation and warning of "disastrous consequences" if they don't. He believes that blockchain technology can transform society by making digital services more efficient, reliable, and accessible to all.

Gün Sirer fears that regulatory enforcement actions and plans to build an "anti-crypto army" may backfire on the country's economy and make it easier for bad actors to conduct illicit activities. He is calling on U.S. officials to follow the same path of responsible freedom to innovate that enabled the country to win the first wave of the internet revolution in the early 2000s.