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South Carolina · 2025-2026 Regular Session · Bill

S 163: Cryptocurrency

Enacted Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

S 163 is a bill introduced in the South Carolina Senate on January 14, 2025. According to its official title, it concerns: Cryptocurrency. Primary sponsor: Danny Verdin (Republican), Matt Leber (Republican). Most recent recorded action (June 5, 2026): Effective date 05/19/26.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

AN ACT TO 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

Sponsors

Sponsors by party (alphabetical): Republican 2

NameRolePartyChamberDistrict
Danny VerdinPrimary sponsorRepublicanSenate9
Matt LeberPrimary sponsorRepublicanSenate41

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Effective date 05/19/26
  2. Act No. 208
  3. Signed By Governor
  4. Ratified R 131
  5. Read third time and enrolled
  6. Roll call Yeas-110 Nays-1
  7. Read second time
  8. Debate adjourned until Tues., 5-5-26
  9. Debate adjourned
  10. Debate adjourned
  11. Committee report: Favorable Labor, Commerce and Industry
  12. Referred to Committee on Labor, Commerce and Industry

Showing 12 most recent of 26 actions. Full history

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source