CryptoMediaClub
Monday, October 27, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Virginia Senate Passes Blockchain Bill to Foster Crypto Adoption

06.03.2024
A A
0
121
VIEWS
ShareShare

The US state of Virginia, which is seeking to safeguard the crypto rights of its citizens, is one-step closer to creating a working group to deep-dive into crypto expansion.

Virginia state Senate on Monday, passed a bill, which aims to create a research group to study blockchain and cryptos. The proposition was introduced as a Senate bill on Feb. 5.

The current Senate Bill No. 339, is a substitute amendment to the bill’s initial version introduced in January. The legislation gained overwhelming support from the state’s House of Delegates, with 97 members voting in favor.

Further, the Senate Bill, proposed by Senator Saddam Azlan Salim, seeks to exempt miners from obtaining money transmitter licenses. By doing so, it aims to foster a more conducive environment for miners and other crypto businesses.

The task group “shall consist of five members of the House of Delegates appointed by the Speaker of the House of 14 Delegates,” the Senate legislation noted.

It will also have five members of the Senate appointed by the Senate Committee on Rules; two non-legislative citizen members who are members of the technology industry and one non-legislative citizen member representing local government appointed by the Bureau.

“The work group shall complete its meetings by November 1, 2024,” the bill noted.

“The Bureau shall submit to the Governor and the General Assembly an executive summary and a report of the work group’s findings and recommendations no later than the first day of the 2025 Regular Session of the General Assembly.”

Virginia’s Pro-Crypto Push

Per CoinLedger study, Virginia falls behind the top five US states for crypto taxes.

However, it allotted $17,192 to Blockchain and Crypto Commission for 2025 and 2026. The Virginia Senate Finance and Appropriations Committee’s Subcommittee on General Government allotted more than $23.6 million to different legislative agencies.

Further, police officers and state employees in Virginia’s Fairfax County will be looking forward to retirement with dividends from Bitcoin. This follows the announcement by digital asset management firm Morgan Creek Digital on a new $40 million crypto venture fund.

The post Virginia Senate Passes Blockchain Bill to Foster Crypto Adoption appeared first on Cryptonews.

Share9Tweet6ShareSharePin2

Related Posts

Sharplink Gaming Adds $80M in Ethereum to Strategic Reserve After Month-Long Lull
All news

Sharplink Gaming Adds $80M in Ethereum to Strategic Reserve After Month-Long Lull

27.10.2025
0

Sharplink Gaming added 19,271 Ether worth about $80.37m to its strategic reserve on Monday, ending a month of quiet accumulation...

Read moreDetails
Ledger Faces Backlash Over New Multisig App Fees Despite Technical Upgrade

Ledger Faces Backlash Over New Multisig App Fees Despite Technical Upgrade

27.10.2025
Your Crypto Isn’t Safe Outside the Blockchain, Vitalik Buterin Warns

Your Crypto Isn’t Safe Outside the Blockchain, Vitalik Buterin Warns

27.10.2025
Kyrgyzstan Launches Stablecoin on BNB Chain, Eyes National Digital Currency and Crypto Reserve

Kyrgyzstan Launches Stablecoin on BNB Chain, Eyes National Digital Currency and Crypto Reserve

27.10.2025
Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

26.10.2025
Load More
Next Post
Bitfinex Hacker Now A Witness Against Bitcoin Fog Mixer In Washington Trial

Bitfinex Hacker Now A Witness Against Bitcoin Fog Mixer In Washington Trial

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Nasdaq Drops Crypto Custody Plans Amid Regulatory Uncertainty

Nasdaq Drops Crypto Custody Plans Amid Regulatory Uncertainty

2 years ago
OpenSea ‘unaware’ of any involvement of former exec in $60M rug pull

OpenSea ‘unaware’ of any involvement of former exec in $60M rug pull

2 years ago
Jag Singh, CEO of re.al, on 10x Better User Experience with RWA Tokenization and Buying a Property in 15 Seconds | Ep. 365

Jag Singh, CEO of re.al, on 10x Better User Experience with RWA Tokenization and Buying a Property in 15 Seconds | Ep. 365

1 year ago
Russia to Ban Mining Activity in 10 Regions From Jan 2025: Report

Russia to Ban Mining Activity in 10 Regions From Jan 2025: Report

10 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Kyrgyzstan Launches Stablecoin on BNB Chain, Eyes National Digital Currency and Crypto Reserve

Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

XRP Price Prediction: Outpacing Other Altcoins XRP Closes Week Up 11.4% – Momentum Building?

Coinbase CEO Wants Every Startup to Launch, Fund, and IPO Onchain

Coinbase’s x402 AI Payments Protocol Sees 10,000% Surge in Activity

Bitcoin Price Prediction: Kiyosaki Says Path to Financial Freedom Paved With Bitcoin – Is He Right?

Trending

Sharplink Gaming Adds $80M in Ethereum to Strategic Reserve After Month-Long Lull
All news

Sharplink Gaming Adds $80M in Ethereum to Strategic Reserve After Month-Long Lull

27.10.2025
0

Sharplink Gaming added 19,271 Ether worth about $80.37m to its strategic reserve on Monday, ending a month...

Ledger Faces Backlash Over New Multisig App Fees Despite Technical Upgrade

Ledger Faces Backlash Over New Multisig App Fees Despite Technical Upgrade

27.10.2025
Your Crypto Isn’t Safe Outside the Blockchain, Vitalik Buterin Warns

Your Crypto Isn’t Safe Outside the Blockchain, Vitalik Buterin Warns

27.10.2025
Kyrgyzstan Launches Stablecoin on BNB Chain, Eyes National Digital Currency and Crypto Reserve

Kyrgyzstan Launches Stablecoin on BNB Chain, Eyes National Digital Currency and Crypto Reserve

27.10.2025
Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

26.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz