The Virginia Senate wants to promote the development of cryptocurrencies and artificial intelligence. How?
The development of cryptocurrencies and new technologies require financing from government agencies – this is exactly the conclusion reached in the Senate of the US state of Virginia.
As part of the recently approved February 18 proposal, more than $23.6 million has been allocated to various legislative departments. Of the total amount, the Blockchain and Cryptocurrency Commission, established in January 2024, received a fund of $17,192 for 2025 and 2026. And although this is a small amount, the initiative in any case deserves attention and at the same time speaks about the active popularization of digital assets.
According to Cointelegraph sources, the Blockchain and Cryptocurrencies Commission is tasked with studying and making recommendations on the technology and cryptocurrencies themselves, as well as promoting their development in the state. It will consist of 15 people, including seven legislative and eight non-legislative members. They will be appointed "no later than 45 days after the date of entry into force of this law."
A similar initiative touched on the topic of artificial intelligence – this technology is handled by the local Committee on Communications, Technology and Innovation. The authority received $22,048 in funding for the same time period, which is ahead of the corresponding amount of the department for the development of digital assets.
In the same way, the Artificial Intelligence Commission is called upon to develop and support projects that will eventually limit the use of artificial intelligence in order to avoid illegal actions.
The day before, analysts noticed a surge in trading volumes with tokens that are associated with artificial intelligence, and the situation is associated with the recent launch of a new AI model called Sora from OpenAI.
In addition to the creation of new legislative commissions, a new cryptocurrency mining law was also introduced in the state the day before. In particular, Senator Saddam Azlan Salim proposed bill No. 339, the purpose of which is to exempt miners from obtaining licenses for monetary transactions. The document also prohibits industrial zones from introducing mining-specific regulations.
Source: https://2bitcoins.ru/senat-virdzhinii-i-kriptovalyuti/
