Virginia State Senate introduces crypto legislation
The Virginia State Senate has introduced legislation addressing the mining and transactions of digital assets, along with their tax treatment. Senate Bill No. 339 (SB 339), proposed by 34-year-old Senator Saddam Azlan Salim on Jan. 9, is currently under discussion in the Senate. If approved, it will proceed to the House of Delegates for consideration before potentially becoming law. Breaking News! Virginia introduces bill (SB339) to Protect Your Fundamental #Bitcoin Rights to self-custody, mine, and run a node! https://t.co/4fnZEg6zCF Introduced by Senator Saddam Salim this legislation will continue to help move Virginia towards innovation and paving the… — Virginia Blockchain Council (@VABlockCouncil) January 17, 2024 The bill carries significant provisions, including eliminating the requirement for individuals and businesses involved in crypto mining to obtain money transmitter licenses. Additionally, it prevents discrimination against miners by pro...