The current draft of Senate Bill No. 339 is a substitute amendment to the bill’s initial version introduced in January.
United States lawmakers in the state of Virginia have proposed convening a work group to research blockchain technology, digital asset mining and cryptocurrency. The proposition was introduced as a Senate bill on Feb. 5.
Senate Bill No. 339 (SB339), which was proposed by the Senate Committee on Commerce and Labor, will authorize the Bureau of the Financial Institutions of the State Corporation Commission to create a work group “for the purpose of studying and making recommendations” on all things crypto.
According to the bill, the group shall consist of 13 individuals: five senators, five delegates from the House of Delegates, two experts on blockchain appointed by the bureau, and one member of the local government. All the nonlegislative members of the work group must be residing in Virginia.
