Virginia plans $17k budget for Blockchain and Crypto Commission

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Virginia proposes $17,192 annual funding for its Blockchain and Cryptocurrency Fee for 2025 and 2026 to review and suggest blockchain know-how.

The allocation is a part of a broader effort to assist the state’s engagement with rising applied sciences, as outlined in a report printed on Sunday.

The Synthetic Intelligence Fee is about to obtain $22,048 yearly throughout the similar timeframe, and the Virginia Autism Advisory Council is earmarked to obtain $12,090 yearly to distribute funds throughout state commissions.

Established throughout the 2024 legislative session, the Blockchain and Cryptocurrency Fee, now a part of the legislative department, contains 15 members. The fee goals to conduct research and supply broader suggestions on blockchain know-how — the spine of cryptocurrencies — and digital belongings.

The designated funds are primarily supposed to cowl operational bills, together with assembly journey prices.

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