Legislative Update – Momentum on HB 293 DAO Bill
Today, HB 293 advanced out of committee and is now headed to the House floor for a full vote. This marks an important step forward not just for the bill itself, but for the broader work underway in the Commonwealth to thoughtfully engage with emerging technologies.
This progress reflects months of deliberate effort and collaboration. The Commonwealth, the Virginia State Corporation Commission, Patron, legislative staff, and a wide range of stakeholders have all leaned into the hard work of getting this right—balancing innovation with clarity, consumer protection, and regulatory integrity. That kind of engagement matters, especially when shaping frameworks that will influence how new organizational and technological models responsibly operate in Virginia.