According to Bitcoin.com, Virginia Senate Bill SB557 proposes to establish the "Commonwealth Strategic Cryptocurrency Reserve Fund," allowing the state government to invest in digital assets such as Bitcoin; the bill was passed by the Senate General Laws and Technology Committee on February 4 with 13 votes in favor and 2 votes against, but the motion to "pass by indefinitely" was adopted, and the bill did not continue to advance.
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According to Bitcoin.com, Virginia Senate Bill SB557 proposes to establish the "Commonwealth Strategic Cryptocurrency Reserve Fund," allowing the state government to invest in digital assets such as Bitcoin; the bill was passed by the Senate General Laws and Technology Committee on February 4 with 13 votes in favor and 2 votes against, but the motion to "pass by indefinitely" was adopted, and the bill did not continue to advance.