A master's in clinical psychology is not the same as a masters in counseling. A master's in clinical psychology does not have the same elements of counseling techniques, practicum and internship requirements as in counselor education -- clinical psych usually focuses on developing the identity of researcher first, with a student's therapeutic skills base developed later in the path to becoming a psychologist.
The grey area is the masters degree in counseling psychology (or the PhD). If the profession can come to some agreement on merging the requirements and curricula for counselor education and counseling psychology degrees, as some states seem to have done, then Virginia could follow suit. But right now, in Virginia, they have not.
The Counseling Board should continue to move toward a CACREP-like standard for master's education for the counseling profession, and stick to it, unless a better case can be made for the inclusion of another degree with a different standard. It is hard for consumers to know what they are getting if Licensed Professional Counselor means anyone with a master's degree in something related to psychology. it is also hard for a new counselor to develop a core professional identity if there is no common agreement on what is needed to be a competent member of the profession--and that weakens the reputation of the license.
That said, it would be a good thing for the profession if there were a common, agreed-upon standard that also allowed people pursuing a counseling career more options than just the counselor education M.Ed. degree. My program at UVA was a 60 hour CACREP-accredited program, but I still think additional academic understanding of psychology, as well as work in specific skills and settings would have been very helpful. Even more important would be a more standard approach to internship and residency placement, as other professions (including psychology) have. More credentials, not less, will advance the profession and the integrity of the license. Muddying the waters yet further will not.