Blockchain technology is back during the Virginia legislative session in 2025. An effort to allow companies to use high technology to make transactions is the latest trend that elected officials are considering, just like one of the most Big fans of industry enters the White House.
Imagine that you are starting a business and that you want to give each member of this company the possibility of participating in the way the company is managed.
Greg Leffel is part of the Virginia Blockchain Council. He said such companies can be done and that blockchain is the place for them. Instead of limited liability companies, or LLC, they are called decentralized autonomous organizations, or DAOS.
“This essentially allows a democratized approach to organizations,” Leffel told Radio IQ, by far, the community can participate, instead of a downward approach. And that’s what we like, “
Alexander Mann -a Blockchain fan we speak Last year, with regard to its use of technology to follow the weather on Shenandoah Valley Vinyards – told me that this week, the backs offered new exciting options for start -up companies.
“You are by token or use blockchain technology with its immutability and safety to manage your business,” said Mann.
Dan Helmer delegate knows that Virginia wants to be welcoming in all kinds of companies. This is why he and other officials supported a law This would create Doas in the Commonwealth. It can be particularly important since President Donald Trump has signed a executive decree Promising to quote “supporting the growth and use responsible for digital assets, blockchain technology and related technologies in all sectors of the economy”.
Beyond the Trump connection, Helmer wants Virginia to be able to compete.
“What we are really focused on is that what industry has jobs in America is legitimate, who wants to make sure it is to create jobs, is here in Virginia” said Helmer on Radio IQ
Helmer’s bill stole out of the house with bipartite support. The DAO effort is now on the way to the Senate.
This report, provided by Virginia public radiowas made possible with the support of Virginia Education Association.
