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International Business Times
International Business Times
Marvie Basilan

Virginia Proposes $17K Yearly Fund For Newly Formed Crypto, Blockchain Commission

Virginia's senate has proposed funds for its Blockchain and Cryptocurrency Commission following a proposed legislation that seeks to protect virtual assets mining rights. (Credit: Traxer/Unsplash)

KEY POINTS

  • Virginia's Blockchain and Crypto Commission was established last month
  • A Virginia senator recently introduced a bill that aims to protect digital assets mining rights
  • The subcommittee also proposed annual funding of $22,048 for its AI Commission

The Virginia Subcommittee on General Government of the Senate Finance and Appropriations Committee on Sunday proposed more than $17,000 in yearly funding for the state's newly formed Blockchain and Cryptocurrency Commission.

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