Bill Commons

SC S 163

enacted

Cryptocurrency

South Carolina · 2026 Regular Session · upper

Quick answers

Did SC S 163 pass?

Yes. SC S 163 has been enacted into law as of 2026-06-05. Latest recorded action (2026-06-05): Effective date 05/19/26

What is SC S 163 about?

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

Who sponsors SC S 163?

Verdin, Leber are the primary sponsors of SC S 163.

Description

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

Introduced
2025-01-14
Latest action
2026-06-05 — Effective date 05/19/26
Bill type
bill
Last updated

Sponsors

  • Verdinprimary
  • Leberprimary

Committees

Not provided by source.

Action timeline

  1. 2025-01-14

    Introduced and read first time

    introduction,reading-1

  2. 2025-01-14

    Referred to Committee on Banking and Insurance

    referral-committee

  3. 2025-01-14

    Introduced and read first time

    introduction,reading-1

  4. 2025-01-14

    Referred to Committee on Banking and Insurance

    referral-committee

  5. 2025-01-27

    Scrivener's error corrected

  6. 2025-03-04

    Committee report: Favorable with amendment Banking and Insurance

    committee-passage-favorable

  7. 2025-03-05

    Scrivener's error corrected

  8. 2025-04-29

    Committee Amendment Adopted

    amendment-passage

  9. 2025-04-30

    Scrivener's error corrected

  10. 2025-05-01

    Read second time

    reading-2

  11. 2025-05-01

    Roll call Ayes-38 Nays-1

  12. 2025-05-05

    Scrivener's error corrected

  13. 2025-05-06

    Read third time and sent to House

    passage,reading-3

  14. 2025-05-06

    Introduced and read first time

    introduction,reading-1

  15. 2025-05-06

    Referred to Committee on Labor, Commerce and Industry

    referral-committee

  16. 2026-04-23

    Committee report: Favorable Labor, Commerce and Industry

    committee-passage-favorable

  17. 2026-04-28

    Debate adjourned

  18. 2026-04-29

    Debate adjourned

  19. 2026-04-30

    Debate adjourned until Tues., 5-5-26

  20. 2026-05-05

    Read second time

    reading-2

  21. 2026-05-05

    Roll call Yeas-110 Nays-1

  22. 2026-05-06

    Read third time and enrolled

    passage,reading-3

  23. 2026-05-14

    Ratified R 131

  24. 2026-05-19

    Signed By Governor

    executive-signature

  25. 2026-06-05

    Effective date 05/19/26

  26. 2026-06-02

    Act No. 208

Versions

Documents

Votes

  • 2nd Reading

    2025-05-01 · pass · 38-1

    Member-level votes (43)
    • Adams, Brian: yes
    • Alexander, Thomas C.: yes
    • Allen, Karl B.: yes
    • Bennett, Sean M.: yes
    • Blackmon, Allen: yes
    • Campsen, George E., III: yes
    • Cash, Richard J.: yes
    • Chaplin, JD: yes
    • Climer, Wes: yes
    • Cromer, Ronnie W.: yes
    • Davis, Tom: yes
    • Devine, Tameika Isaac: yes
    • Elliott, Jason: yes
    • Garrett, Billy: yes
    • Goldfinch, Stephen L.: yes
    • Graham, Jeffrey R.: yes
    • Grooms, Lawrence K.: yes
    • Hutto, Brad: yes
    • Johnson, Michael: yes
    • Kennedy, Carlisle: yes
    • Kimbrell, Josh: yes
    • Leber, Matthew W.: yes
    • Massey, A. Shane: yes
    • Nutt, Roger A.: yes
    • Ott, Russell L.: yes
    • Peeler, Harvey S., Jr.: yes
    • Rankin, Luke A.: yes
    • Reichenbach, Mike: yes
    • Rice, Rex F.: yes
    • Sabb, Ronnie A.: yes
    • Stubbs, Everett: yes
    • Sutton, Ed: yes
    • Tedder, Deon T.: yes
    • Turner, Ross: yes
    • Verdin, Daniel B., III: yes
    • Williams, Kent M.: yes
    • Young, Tom, Jr.: yes
    • Zell, Jeff: yes
    • Corbin, Thomas D.: no
    • Gambrell, Michael W.: excused
    • Hembree, Greg: excused
    • Martin, Shane R.: excused
    • Matthews, Margie Bright: excused
  • Passage of Bill

    2026-05-05 · pass · 110-1

    Member-level votes (124)
    • Alexander, Terry: yes
    • Anderson, Carl L.: yes
    • Atkinson, Lucas: yes
    • Bailey, William H.: yes
    • Ballentine, Nathan: yes
    • Bamberg, Justin T.: yes
    • Bauer, Heather: yes
    • Beach, Thomas: yes
    • Bernstein, Beth E.: yes
    • Bowers, Phillip: yes
    • Bradley, Jeff: yes
    • Brewer, Gary S., Jr.: yes
    • Brittain, Thomas C., Jr.: yes
    • Burns, James Mikell: yes
    • Bustos, Joseph M.: yes
    • Calhoon, Paula Rawl: yes
    • Caskey, Micajah P., IV: yes
    • Chapman, Donald G.: yes
    • Chumley, William M.: yes
    • Clyburn, William: yes
    • Collins, Neal A.: yes
    • Cox, Brandon L.: yes
    • Crawford, Heather Ammons: yes
    • Cromer, April: yes
    • Davis, Sylleste H.: yes
    • Dillard, Chandra E.: yes
    • Duncan, Adam L.: yes
    • Edgerton, Sarita L.: yes
    • Erickson, Shannon S.: yes
    • Ford, Greg: yes
    • Forrest, Cally R., Jr.: yes
    • Frank, Stephen: yes
    • Gagnon, Craig A.: yes
    • Garvin, Kambrell H.: yes
    • Gibson, Daniel: yes
    • Gilliard, Wendell G.: yes
    • Gilreath, Thomas Lee: yes
    • Govan, Jerry N., Jr.: yes
    • Grant, Hamilton R.: yes
    • Guest, Thomas Duval, Jr.: yes
    • Haddon, Patrick B.: yes
    • Hager, William: yes
    • Hardee, Kevin: yes
    • Harris, Robert J.: yes
    • Hart, Christopher R.: yes
    • Hartnett, Thomas F., Jr.: yes
    • Hayes, Jackie E.: yes
    • Henderson-Myers,, Rosalyn D., Ph.D.: yes
    • Herbkersman, William G.: yes
    • Hewitt, Lee: yes
    • Hixon, William M.: yes
    • Holman, Harriet A.: yes
    • Hosey, Lonnie: yes
    • Huff, William C.: yes
    • Johnson, Jeffrey E.: yes
    • Jones, Wendell K.: yes
    • Jordan, Wallace H., Jr.: yes
    • Kilmartin, John Gregory: yes
    • King, John Richard C.: yes
    • Kirby, Roger K.: yes
    • Landing, Kathy: yes
    • Lastinger, John T., Jr.: yes
    • Lawson, M. Brian: yes
    • Ligon, Thomas R.: yes
    • Long, Steven Wayne: yes
    • Lowe, Phillip D.: yes
    • Luck, Jason S.: yes
    • Magnuson, Josiah: yes
    • Martin, David: yes
    • McCravy, John R., III: yes
    • McDaniel, Annie E.: yes
    • McGinnis, Timothy A.: yes
    • Mitchell, Cody T.: yes
    • Mitchell, Dianne: yes
    • Montgomery, W. Scott, IV: yes
    • Moore, JA: yes
    • Moore, Travis A.: yes
    • Morgan, T. Alan, Jr.: yes
    • Moss, Dennis C.: yes
    • Neese, Mike M.: yes
    • Newton, Brandon: yes
    • Newton, Wm. Weston J.: yes
    • Pace, Jordan S.: yes
    • Pedalino, Fawn M.: yes
    • Pope, Thomas E.: yes
    • Rankin, Luke S.: yes
    • Reese, Robert T.: yes
    • Rivers, Michael F., Sr.: yes
    • Robbins, Robby: yes
    • Rose, Seth: yes
    • Rutherford, J. Todd: yes
    • Schuessler, Carla: yes
    • Scott, Keishan M.: yes
    • Sessions, Heath: yes
    • Smith, Marvin: yes
    • Spann-Wilder, Tiffany: yes
    • Stavrinakis, Leonidas E.: yes
    • Taylor, Bill: yes
    • Teeple, James E.: yes
    • Terribile, Jackie R.: yes
    • Vaughan, David: yes
    • Waters, Courtney S.: yes
    • Wetmore, Elizabeth: yes
    • White, Joseph S.: yes
    • Whitmire, William R.: yes
    • Wickensimer, Paul B.: yes
    • Williams, Robert Q.: yes
    • Willis, Mark N.: yes
    • Wooten, Chris: yes
    • Yow, Richard L.: yes
    • Gilliam, Leon D.: no
    • McCabe, Donald Ryan, Jr.: excused
    • Sanders, Richard Blake: excused
    • Bannister, Bruce W.: excused
    • Cobb-Hunter, Gilda: excused
    • Gatch, Gil: excused
    • Guffey, Brandon: excused
    • Hartz, Charles V.: excused
    • Hiott, David R.: excused
    • Howard, Leon: excused
    • Johnson, Jermaine L., Sr.: excused
    • Oremus, Melissa Lackey: excused
    • Smith, G. Murrell, Jr.: excused
    • Weeks, J. David: excused

Related bills

No related bills recorded for this bill.

Official source

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:32:06.227230Z

Inspect retained evidence for changes recorded after evidence tracking began:

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