Policy Reference

Virginia

Crypto law profiles, official sources, milestones, and related coverage for Virginia.

United States
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Law database

2 law profiles

Law / Bill
Draft Intro Committee Passed Enacted Effective
Virginia Money Transmission Modernization Act: Virtual Currency Treatment HB 1942 Enacted Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Current Effective Effective: Pending

Sponsored by Del. Joshua G. Cole (D)

Financial institutions; regulation of money transmitters, penalty, effective date.

Virginia’s 2025 MTMA-style law creates a new money-transmitter framework effective July 1, 2026. It defines virtual currency but excludes it from “money.”

Last action: Mar 21, 2025 - Approved by Governor as Acts of Assembly Chapter 214; delayed effective date July 1, 2026.

Next: Jul 1, 2026 - Delayed effective date

Profile State source Code of Virginia Chapter 19.1, Money Transmitters
Virginia Blockchain and Cryptocurrency Commission Study Regime SB 439 Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

Sponsored by Saddam Azlan Salim (D)

Joint Commission on Technology and Science; analysis of blockchain technology and cryptocurrency in the Commonwealth; report.

Virginia SB 439 directs JCOTS to study blockchain and cryptocurrency use, assess risks, economic and energy impacts, and evaluate creation of a Blockchain and Cryptocurrency Commission; RGA lists the required Dec. 1, 2024 report as overdue.

Last action: Apr 8, 2024 - Governor approved as Acts of Assembly Chapter 709; LIS lists effective date as July 1, 2024.

Profile State source 2024 Virginia Acts Chapter 709

Information is for general purposes only and not legal advice. See full disclaimer.