SC S0163 | 2025-2026 | 126th General Assembly
Status
Completed Legislative Action
Sponsorship: Partisan Bill (Republican 2)
Status: Passed on June 2 2026 - 100% progression
Action: 2026-06-02 - Act No. 208
Text: Latest bill text (Comm Sub) [HTML]
Sponsorship: Partisan Bill (Republican 2)
Status: Passed on June 2 2026 - 100% progression
Action: 2026-06-02 - Act No. 208
Text: Latest bill text (Comm Sub) [HTML]
Summary
Amend The South Carolina Code Of Laws By Adding Chapter 47 To Title 34 So As To Prohibit A Governing Authority From Accepting Or Requiring Payment Using Central Bank Digital Currency Or Participating In A Test Of Central Bank Digital Currency; To Permit Individuals Or Businesses Using Digital Currency For Transactions; To Provide That Digital Assets May Not Be Singled Out For Disparate Tax Treatment; To Provide That Digital Currency Transaction May Be Taxed If The Taxation Is The Same As If The Transaction Used United States Legal Tender; To Restrict Certain Activity For Digital Currency Operations That Are Zoned For Industrial Use; To Provide That Digital Asset Mining Business Operations Shall Not Place Any Additional Stress On The Electrical Grid For Which They Are Connected And To Provide That Digital Mining Businesses Must Provide Certain Information To The Public Service Commission Upon Request; To Provide That Those Engaged In Digital Mining Operations Do Not Have To Obtain Certain Licenses And That Those Who Provide Certain Services Related To Digital Mining Or Staking Are Not Offering A Security; To Provide That The Attorney General Can Prosecute An Individual Or Business That Fraudulently Claim To Be Offering Digital Asset Mining As Service Or Staking As A Service; And To Define Necessary Terms. - Ratified Title
Title
Cryptocurrency
Sponsors
Roll Calls
2026-05-05 - House - House: Passage Of Bill (Y: 110 N: 1 NV: 11 Abs: 2) [PASS]
2025-05-01 - Senate - Senate: 2nd Reading (Y: 38 N: 1 NV: 0 Abs: 4) [PASS]
2025-05-01 - Senate - Senate: 2nd Reading (Y: 38 N: 1 NV: 0 Abs: 4) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2026-06-02 | Act No. 208 | |
| 2026-06-05 | Effective date 05/19/26 | |
| 2026-05-19 | Signed By Governor | |
| 2026-05-14 | Ratified R 131 | |
| 2026-05-06 | House | Read third time and enrolled |
| 2026-05-05 | House | Roll call Yeas-110 Nays-1 |
| 2026-05-05 | House | Read second time |
| 2026-04-30 | House | Debate adjourned until Tues., 5-5-26 |
| 2026-04-29 | House | Debate adjourned |
| 2026-04-28 | House | Debate adjourned |
| 2026-04-23 | House | Committee report: Favorable Labor, Commerce and Industry |
| 2025-05-06 | House | Referred to Committee on Labor, Commerce and Industry |
| 2025-05-06 | House | Introduced and read first time |
| 2025-05-06 | Senate | Read third time and sent to House |
| 2025-05-05 | Scrivener's error corrected | |
| 2025-05-01 | Senate | Roll call Ayes-38 Nays-1 |
| 2025-05-01 | Senate | Read second time |
| 2025-04-30 | Scrivener's error corrected | |
| 2025-04-29 | Senate | Committee Amendment Adopted |
| 2025-03-05 | Scrivener's error corrected | |
| 2025-03-04 | Senate | Committee report: Favorable with amendment Banking and Insurance |
| 2025-01-27 | Scrivener's error corrected | |
| 2025-01-14 | Senate | Referred to Committee on Banking and Insurance |
| 2025-01-14 | Senate | Introduced and read first time |
| 2025-01-14 | Senate | Referred to Committee on Banking and Insurance |
| 2025-01-14 | Senate | Introduced and read first time |
