Henry McMaster · South Korea · Bitcoin · US Senate · White House · Decrypt
Individuals, businesses, and Bitcoin miners in South Carolina have earned protections for the use, custody
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First introduced in January 2025, Bill 163, also effectively bans the state’s use of any central bank digital currency (CBDC), also known as a "digital dollar," and its participation in any CBDC tests.
Key facts
- First introduced in January 2025, Bill 163, also effectively bans the state’s use of any central bank digital currency (CBDC), also known as a "digital dollar," and its participation in any CBDC tests
- The bill was passed by the Senate in April 2025 and then referred to the House Labor, Commerce and Industry Committee that May—which came back with a favorable report nearly a year later, this April
- The bill was referred to the Committee on Ways and Means in March 2025, but has not been further updated
- A representative for South Carolina Governor Henry McMaster did not immediately respond to Decrypt’s request for comment
Summary
Senate Bill 163 was signed into law by South Carolina Governor Henry McMaster on Tuesday. The bill effectively bans the use of CBDCs in the state and protects authorities from participating in any CBDC tests. It also allows for the use and self-custody of crypto assets in the state, including offering protections to Bitcoin miners. Individuals, businesses, and Bitcoin miners in South Carolina have earned protections for the use, custody, and mining of digital assets thanks to a new bill signed by the state’s governor Henry McMaster.