The topic of blockchain is complex and merits further analysis and consideration in order to develop substantial recommendations for adoption by the Joint Commission on Technology and Science.

Therefore, I move that the subcommittee on blockchain recommend to the full Joint Commission on Technology and Science the creation of an advisory committee pursuant to the authority provided in § 30-88 to advise JCOTS on the topics of blockchain technology, digital asset mining, and cryptocurrency. I further move that such recommendation include that JCOTS request the Chair of JCOTS to appoint the following appointees to serve as the membership of such advisory committee: (i) Senator Saddam Azlan Salim, to serve as chair of the advisory committee; (ii) two other members of the Senate, at least one of whom shall be a current member of JCOTS; (iii) four members of the House of Delegates, at least three of whom shall be current members of JCOTS; (iv) a representative from an institution of higher education with expertise in blockchain technology; (v) a representative from local government, who shall be selected in consultation with the Virginia Municipal League and Virginia Association of Counties; (vi) a representative from a Virginia technology nonprofit organization; (vii) an industry expert in blockchain technology; (viii) a representative of the Virginia Bankers Association; (ix) a representative from a blockchain consumer group; and (x) a representative from the Virginia Credit Union League.