Virginia Proposes Annual Funding for Blockchain and Cryptocurrency Commission
Virginia is taking steps to support its engagement with emerging technologies by proposing annual funding for its Blockchain and Cryptocurrency Commission. As part of a broader effort, the state has allocated $17,192 per year for the commissionโs operations in 2025 and 2026.
Funding for Other Commissions
- The Artificial Intelligence Commission will receive $22,048 annually during the same timeframe.
- The Virginia Autism Advisory Council is earmarked to receive $12,090 annually to distribute funds across state commissions.
About the Blockchain and Cryptocurrency Commission
The Blockchain and Cryptocurrency Commission was established during the 2024 legislative session and is now part of the legislative branch. It consists of 15 members who aim to conduct studies and provide recommendations on blockchain technology and digital assets.
Intended Use of Funds
The allocated funds will primarily cover operational expenses, including meeting travel costs for the commission members.
Hot Take: Virginiaโs Support for Blockchain Technology
With its proposal for annual funding, Virginia demonstrates its commitment to exploring and embracing blockchain technology. By allocating funds to the Blockchain and Cryptocurrency Commission, the state aims to advance its understanding of this transformative technology. This investment not only supports research and studies but also enables the commission to offer valuable recommendations that can shape the future of blockchain and digital assets in Virginia. As a crypto enthusiast, you can look forward to potential developments and innovations that may arise from this initiative.
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