* Virginia’s Senate Committee recommends a yearly combined fund allocation of $39,240 for two recently formed commissions on AI and Cryptocurrency.
* An annual general fund of $22,048 and $17,192 has been proposed for the Artificial Intelligence and Blockchain & Cryptocurrency Commissions.
* The proposal was a part of an overall allotment of $23.6 million for various legislative departments.
* The Blockchain and Cryptocurrency Commission (SB 439), established in 2024, would receive a proposed general fund of $17,192 for 2025 and 2026.
* The AI Commission (SB 487), currently under the Committee on Communications, Technology, and Innovation, would get $22,048 for the same period.

Virginia Backs AI and Crypto, Literally!

State’s Finance Puts Forward Initiative to Support AI and Crypto

Virginia’s Coining a New Term in AI and Crypto Support

Are y’all ready for a coin joke? Because I think Virginia is getting ready to mint their own! With the recent allocation of funds towards AI and Cryptocurrency, it seems like the state is saying, “Show me the AI and I’ll show you the money!” While some states might get tangled in webs of legislation, Virginia’s using blockchain to build a framework instead. And the decision to fund commissions on AI and Cryptocurrency seems like a smart move. Or should we say, an “artificially intelligent” move? But let’s not put all our coins in one wallet just yet. The commissions have been established and the funds have been allocated, but we’ll still need to wait and see how this “Virginia experiment” turns out. All in favor? Crypto-currency, you may pass!

Hot Take

Does this investment spell a crypto-future for Virginia or is it just a flash in the pan? Only time and perhaps a good crystal ball will tell. But in the meantime, as we wait for the future, let’s coin a new term – Virginiacrypto! #Virginia #CryptoInvestment #ArtificialIntelligence #BlockchainBudgetOriginal article: https://cointelegraph.com/news/virginia-fund-cryptocurrency-ai-commission