S0163Introduced in the Senate
Cryptocurrency
Introduced by Danny Verdin, District 9
What does this bill do?
Plain-English breakdown
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Official description
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
Where it stands
Act No. 208
June 2, 2026
How did lawmakers vote?
House votes
1 recorded vote · each counted separately
Senate votes
1 recorded vote · each counted separately
HouseStage: House: Passage Of Bill · May 5, 2026
110
Yes
1
No
13
Absent or Not Voting
124 representatives recorded in this House vote. Colors show vote categories only, not whether a vote was good or bad.
See how each representative voted
| Representative | District | Vote |
|---|---|---|
| William Whitmire | 1 | Yes |
| Adam Duncan | 2 | Yes |
| Phillip Bowers | 3 | Yes |
| Davey Hiott | 4 | Not Voting |
| Neal Collins | 5 | Yes |
| April Cromer | 6 | Yes |
| Lee Gilreath | 7 | Yes |
| Don Chapman | 8 | Yes |
| Blake Sanders | 9 | Absent |
| Thomas Beach | 10 | Yes |
Bill history
Introduced and read first time
Referred to Committee on Banking and Insurance
Introduced and read first time
Referred to Committee on Banking and Insurance
Scrivener's error corrected
Committee report: Favorable with amendment Banking and Insurance
Scrivener's error corrected
Committee Amendment Adopted
Scrivener's error corrected
Read second time
Roll call Ayes-38 Nays-1
Scrivener's error corrected
Read third time and sent to House
Introduced and read first time
Referred to Committee on Labor, Commerce and Industry
Committee report: Favorable Labor, Commerce and Industry
Debate adjourned
Debate adjourned
Debate adjourned until Tues., 5-5-26
Read second time
Roll call Yeas-110 Nays-1
Read third time and enrolled
Ratified R 131
Signed By Governor
Effective date 05/19/26
Act No. 208
Verify the information
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