Fabio
116 lines
9.5 KiB
Markdown
116 lines
9.5 KiB
Markdown
---
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type: "Bill"
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title: "Blockchain technology, digital asset mining, etc.; Jt. Commission on Technology & Science to study."
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description: "Digital asset mining; holding, use, and transfer of digital assets; securities exemption; tax exemption. Exempts any person engaging in home digital asset mining, digital asset mining, or digital asset mining business activities, as those terms are defined in the bill, from the requirement to obtain a money transmitter license. The bill exempts issuers and sellers of digital assets from securities registration requirements if certain conditions are met. Under the bill, no locality's industrial zone may prohibit the use of such area for digital asset mining or digital asset mining business activities and no local sound ordinance may be more restrictive for digital asset mining or digital asset mining business activities than the current industrial zone noise ordinance of the locality. Additionally, the bill provides that, for taxable years beginning on and after January 1, 2024, up to $200 per transaction of any net capital gain from exchanges made after January 1, 2024, for one legal tender to another legal tender shall be subtracted from taxable income computations. The bill provides that any person in the Commonwealth may use or transfer digital assets to purchase legal goods or services or transfer or exchange digital assets using a blockchain protocol and that no person engaging in digital asset mining, digital asset mining business activities, or providing digital asset mining or staking services for another person or operating a node or series of nodes on a blockchain network shall be subject to liability for merely validating a transaction. The bill also directs to the Bureau of Financial Institutions of the State Corporation Commission to convene a work group for the purpose of studying and making recommendations related to blockchain technology, digital asset mining, and cryptocurrency activity in the Commonwealth."
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jurisdiction: "us/states/va"
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legislature: "Virginia General Assembly"
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session: "2024"
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identifier: "SB 339"
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citation: "Virginia SB 339 (2024)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Saddam Azlan Salim"]
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version_count: 5
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action_count: 45
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vote_count: 10
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first_action: "2024-01-09"
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last_action: "2024-04-08"
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source: "openstates"
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source_identifier: "ocd-bill/b9b56d4a-be55-4555-86d2-81220ff7c8d4"
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source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+SB339"
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source_hash: "99531e98ab9697367096075637845167e61bd07f116093439be4dd512f3798f7"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-va"]
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---
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# Virginia SB 339 (2024) — Blockchain technology, digital asset mining, etc.; Jt. Commission on Technology & Science to study.
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Digital asset mining; holding, use, and transfer of digital assets; securities exemption; tax exemption. Exempts any person engaging in home digital asset mining, digital asset mining, or digital asset mining business activities, as those terms are defined in the bill, from the requirement to obtain a money transmitter license. The bill exempts issuers and sellers of digital assets from securities registration requirements if certain conditions are met. Under the bill, no locality's industrial zone may prohibit the use of such area for digital asset mining or digital asset mining business activities and no local sound ordinance may be more restrictive for digital asset mining or digital asset mining business activities than the current industrial zone noise ordinance of the locality. Additionally, the bill provides that, for taxable years beginning on and after January 1, 2024, up to $200 per transaction of any net capital gain from exchanges made after January 1, 2024, for one legal tender to another legal tender shall be subtracted from taxable income computations. The bill provides that any person in the Commonwealth may use or transfer digital assets to purchase legal goods or services or transfer or exchange digital assets using a blockchain protocol and that no person engaging in digital asset mining, digital asset mining business activities, or providing digital asset mining or staking services for another person or operating a node or series of nodes on a blockchain network shall be subject to liability for merely validating a transaction. The bill also directs to the Bureau of Financial Institutions of the State Corporation Commission to convene a work group for the purpose of studying and making recommendations related to blockchain technology, digital asset mining, and cryptocurrency activity in the Commonwealth.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **CHAP0707** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+CHAP0707)
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2. **Committee substitute printed 24107220D-S1** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+SB339S1)
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3. **Committee substitute printed 24108489D-H1** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+SB339H1)
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4. **Prefiled and ordered printed; offered 01/10/24 24104931D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+SB339)
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5. **SB339ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+SB339ER)
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## Votes
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- Constitutional reading dispensed (40-Y 0-N) — **40–0** (pass) · upper
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- Subcommittee recommends reporting (6-Y 0-N) — **6–0** (pass) · lower
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- Reported from Appropriations with substitute (21-Y 1-N) — **21–1** (pass) · lower
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- House substitute agreed to by Senate (40-Y 0-N) — **40–0** (pass) · upper
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- VOTE: Passage (97-Y 1-N) — **96–1** (pass) · lower
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- Reported from Commerce and Labor with substitute (15-Y 0-N) — **15–0** (pass) · upper
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- Passed Senate (40-Y 0-N) — **40–0** (pass) · upper
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- Reported from Rules (16-Y 0-N) — **16–0** (pass) · lower
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- Reported from Finance and Appropriations (15-Y 0-N) — **15–0** (pass) · upper
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- Constitutional reading dispensed (39-Y 0-N) — **39–0** (pass) · upper
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## Sponsors
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- Saddam Azlan Salim — primary (person)
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- Christopher T. Head — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2024-01-09** Prefiled and ordered printed; offered 01/10/24 24104931D `filing, introduction`
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- **2024-01-09** Referred to Committee on Commerce and Labor `referral-committee`
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- **2024-02-02** Impact statement from SCC (SB339)
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- **2024-02-02** Senate committee, floor amendments and substitutes offered
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- **2024-02-05** Reported from Commerce and Labor with substitute (15-Y 0-N) `committee-passage`
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- **2024-02-05** Rereferred to Finance and Appropriations `referral-committee`
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- **2024-02-05** Committee substitute printed 24107220D-S1 `substitution`
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- **2024-02-05** Incorporates SB148 (Head)
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- **2024-02-06** Senate committee, floor amendments and substitutes offered
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- **2024-02-08** Reported from Finance and Appropriations (15-Y 0-N) `committee-passage`
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- **2024-02-09** Constitutional reading dispensed (39-Y 0-N)
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- **2024-02-12** Read second time `reading-2`
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- **2024-02-12** Reading of substitute waived
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- **2024-02-12** Committee substitute agreed to 24107220D-S1 `substitution`
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- **2024-02-12** Engrossed by Senate - committee substitute SB339S1 `substitution`
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- **2024-02-12** Constitutional reading dispensed (40-Y 0-N)
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- **2024-02-12** Passed Senate (40-Y 0-N) `passage`
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- **2024-02-15** Placed on Calendar
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- **2024-02-15** Read first time `reading-1`
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- **2024-02-15** Referred to Committee on Rules `referral-committee`
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- **2024-02-21** Impact statement from SCC (SB339S1)
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- **2024-02-22** Assigned Rules sub: Studies Subcommittee `referral-committee`
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- **2024-02-23** Subcommittee recommends reporting (6-Y 0-N)
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- **2024-02-23** Subcommittee recommends referring to Committee on Appropriations `referral-committee`
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- **2024-02-23** Reported from Rules (16-Y 0-N) `committee-passage`
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- **2024-02-23** Referred to Committee on Appropriations `referral-committee`
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- **2024-02-28** Reported from Appropriations with substitute (21-Y 1-N) `committee-passage`
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- **2024-02-28** Incorporates SB148 (Head)
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- **2024-02-28** Committee substitute printed 24108489D-H1 `substitution`
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- **2024-03-01** Read second time `reading-2`
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- **2024-03-04** Read third time `reading-3`
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- **2024-03-04** Committee substitute agreed to 24108489D-H1 `substitution`
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- **2024-03-04** Engrossed by House - committee substitute SB339H1 `substitution`
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- **2024-03-04** Passed House with substitute (97-Y 1-N) `passage`
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- **2024-03-04** VOTE: Passage (97-Y 1-N) `passage`
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- **2024-03-05** House substitute agreed to by Senate (40-Y 0-N) `substitution`
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- **2024-03-05** Title replaced 24108489D-H1
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- **2024-03-08** Enrolled `enrolled`
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- **2024-03-08** Bill text as passed Senate and House (SB339ER) `passage`
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- **2024-03-08** Signed by Speaker `passage`
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- **2024-03-09** Signed by President `passage`
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- **2024-03-11** Enrolled Bill Communicated to Governor on March 11, 2024 `enrolled`
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- **2024-03-11** Governor's Action Deadline 11:59 p.m., April 8, 2024 `executive-receipt`
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- **2024-04-08** Approved by Governor-Chapter 707 (effective 7/1/24) `executive-signature`
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- **2024-04-08** Acts of Assembly Chapter text (CHAP0707)
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/b9b56d4a-be55-4555-86d2-81220ff7c8d4`. Confidence: reported (aggregated from official Virginia legislature records).
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