The Virginia Senate in the United States enacted major legislation that established a task committee dedicated to evaluating the broader cryptocurrency landscape and suggesting methods to encourage the technology’s growth.
On February 5, Virginia senators introduced Senate Bill No. 339 to seek input on how to foster and improve blockchain technology, digital asset mining, and cryptocurrencycurrencies in the state.
On March 4, the Virginia House of Delegates passed the bill, with 97 votes in favor, one against, and two abstentions.
On January 9, Senator Saddam Azlan Salim submitted a bill that would exempt miners from the necessity to obtain money transmitter licenses and avoid targeted regulations:
“No license under this chapter shall be required of any person engaging in-home digital asset 37 mining, digital asset mining, or digital asset mining business activities, as those terms are defined in § 38 15.2-2288.9.”
In addition, a new cryptocurrencycurrency work group will be formed, consisting of 13 members: five from the Senate, five from the House of Delegates, two non-legislative citizens from the blockchain industry, and one non-legislative citizen from local government.
