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Virginia Allocates Annual Funding to Blockchain and Cryptocurrency Commission

19/02 18:11

According to CoinDesk, Virginia's Subcommittee on General Government has allocated $17,192 a year to the Blockchain and Cryptocurrency Commission. The funds will help run the committee and cover travel expenses. The commission was recently legislated to make recommendations related to blockchain technology and cryptocurrencies. The proposed funds will be allocated in 2025 and 2026, slightly less than the $22,048 a year set aside for the Artificial Intelligence Commission over the same period. Meanwhile, the Virginia Autism Advisory Council will receive $12,090 yearly for the two years. Virginia recently established the Blockchain and Cryptocurrency Commission in the legislative branch of the state department, as per a 2024 session report. The commission will consist of 15 members who will study and make recommendations for blockchain technology and digital assets. The yearly expenditure of $17,192 is estimated to cover the costs associated with meetings, including travel expenses.

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