CryptoMediaClub
Friday, October 3, 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

XRP Price Prediction: SWIFT Partners With Ethereum Firm – Is Ripple Losing the Payments Race It Started?
All news

XRP Price Prediction: SWIFT Partners With Ethereum Firm – Is Ripple Losing the Payments Race It Started?

03.10.2025
0

A bullish XRP price prediction is gaining traction again as Ripple’s long-term position looks increasingly strong – despite SWIFT’s recent...

Read moreDetails
Spot Bitcoin ETF Volume Tops $5 Billion as Price Breaks $120K – ATH Next?

Spot Bitcoin ETF Volume Tops $5 Billion as Price Breaks $120K – ATH Next?

03.10.2025
PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher

PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher

02.10.2025
CME Group to Launch 24/7 Crypto Futures and Options Trading in Early 2026

CME Group to Launch 24/7 Crypto Futures and Options Trading in Early 2026

02.10.2025
From Bitcoin to DeFi 2.0, the Trends Driving Crypto’s Future: WisdomTree Analyst

From Bitcoin to DeFi 2.0, the Trends Driving Crypto’s Future: WisdomTree Analyst

02.10.2025
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

Daily gas spent on EVM inscriptions surges to record high of $8M

Daily gas spent on EVM inscriptions surges to record high of $8M

2 years ago
Spot Bitcoin ETF will be ‘bloodbath’ for crypto exchanges, analyst says

Spot Bitcoin ETF will be ‘bloodbath’ for crypto exchanges, analyst says

2 years ago
Might Ethereum Worth Be Getting Prepared for ATH?

Might Ethereum Worth Be Getting Prepared for ATH?

9 months ago
Billions in Crypto Now Accessible to Cronos by way of LayerZero Bridge

Billions in Crypto Now Accessible to Cronos by way of LayerZero Bridge

8 months ago

Categories

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

Highlights

Spot Bitcoin ETF Volume Tops $5 Billion as Price Breaks $120K – ATH Next?

PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher

CME Group to Launch 24/7 Crypto Futures and Options Trading in Early 2026

From Bitcoin to DeFi 2.0, the Trends Driving Crypto’s Future: WisdomTree Analyst

$4B BTC in 4 weeks: How Bitcoin ETFs buy more than double the BTC mined

The PioneerHash Cloud Mining App, a Global Hit by 2025

Trending

Will a Europe-US BTC reserve race actually happen?
Analysis

Will a Europe-US BTC reserve race actually happen?

03.10.2025
0

Swedish opposition MPs from the Sweden Democrats filed a parliamentary motion on Oct. 2, urging the government...

XRP Price Prediction: SWIFT Partners With Ethereum Firm – Is Ripple Losing the Payments Race It Started?

XRP Price Prediction: SWIFT Partners With Ethereum Firm – Is Ripple Losing the Payments Race It Started?

03.10.2025
Why is Bitcoin near all-time highs? Everything that happened in crypto today

Why is Bitcoin near all-time highs? Everything that happened in crypto today

03.10.2025
Spot Bitcoin ETF Volume Tops $5 Billion as Price Breaks $120K – ATH Next?

Spot Bitcoin ETF Volume Tops $5 Billion as Price Breaks $120K – ATH Next?

03.10.2025
PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher

PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher

02.10.2025
  • 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