South Carolina Enacts Crypto-Friendly Bill Into Law

TheNewsCrypto2026-05-20 tarihinde yayınlandı2026-05-20 tarihinde güncellendi

Özet

South Carolina Governor Henry McMaster has signed Senate Bill 163 into law, creating a crypto-friendly regulatory framework. The law shields digital asset mining businesses from restrictive local zoning changes without proper procedure and protects them from discriminatory regulations compared to other industrial businesses. It prohibits state agencies from adopting or participating in central bank digital currency (CBDC) trials. The legislation safeguards the right to self-custody of crypto assets, bans restrictions on hardware and self-hosted wallets, and prevents excessive taxation on cryptocurrency transactions. It also exempts miners, node operators, developers, and crypto-to-crypto traders from money transmitter licensing, and excludes mining/staking service providers from security classifications. South Carolina follows states like Kentucky in enacting pro-crypto legislation.

On Tuesday, South Carolina’s Governor Henry McMaster signed Senate Bill 163 into law, establishing a framework that is very favorable to cryptocurrency at the state level.

The bill reads:

“A political subdivision shall not change the zoning of a digital asset mining business without going through the proper notice and comment. A digital asset mining business may appeal a change in zoning to the proper court of jurisdiction.”

Shields from Restrictive Local Regulations

Protecting the rights of crypto users and miners and removing regulatory obstacles for companies working in the field, the measure prohibits state agencies from adopting central bank digital currencies (CBDCs) and has already passed the Senate 38-1 and the House 110-1.

Federal Reserve-led digital currency trials, including federal agency pilot projects, are illegal for any state agency or political subdivision to accept, require payment in, or participate in on CBDCs.

It safeguards the right to keep cryptocurrency assets in one’s own possession by prohibiting governments from imposing restrictions on hardware wallets and self-hosted wallets and from taxing cryptocurrency transactions at a rate greater than similar US dollar transfers.

Bitcoin miners in industrial zones will have special safeguards under the new law. In addition to the noise limitations imposed by general pollution regulations, local governments are unable to put additional restrictions on mining companies that do not apply to other nearby industrial enterprises.

Miners, node operators, blockchain software developers, and crypto-to-crypto traders are among the many sectors that are not required by law to get money transmitter licenses. Security categorization does not apply to companies who provide mining or staking as a service.

In taking a stand in favor of cryptocurrency, South Carolina is the latest state to do so. Last March, Kentucky approved the Bitcoin Rights law, which protects mining firms from discriminatory municipal regulations and guarantees self-custody rights.

Highlighted Crypto News Today:

Echo Protocol Suffers $76M eBTC Minting Attack

İlgili Sorular

QWhat did South Carolina's Governor Henry McMaster sign into law on Tuesday?

ASouth Carolina's Governor Henry McMaster signed Senate Bill 163 into law.

QWhat are two key protections the bill provides for Bitcoin miners according to the article?

AThe bill prohibits local governments from imposing additional restrictions on mining companies not applied to other industrial enterprises and shields miners from changes in zoning without proper notice and comment.

QWhat does the bill prohibit state agencies from doing regarding Central Bank Digital Currencies (CBDCs)?

AThe bill prohibits state agencies from adopting CBDCs, accepting them for payment, requiring payment in them, or participating in Federal Reserve-led digital currency trials or pilot projects.

QWhich cryptocurrency-related individuals or businesses are not required to obtain money transmitter licenses under the new law?

ABitcoin miners, node operators, blockchain software developers, and crypto-to-crypto traders are not required by law to get money transmitter licenses.

QWhich other state's legislation protecting Bitcoin rights is mentioned as being similar to South Carolina's new law?

AThe article mentions Kentucky, which approved the Bitcoin Rights law last March to protect mining firms and guarantee self-custody rights.

İlgili Okumalar

Will the Next Crypto Bull Run Start with On-Chain Trading of SpaceX?

This article presents a scenario-based forecast for the crypto industry from 2026 to 2029, arguing that the next major cycle will be driven not by technological narratives but by legal access to real-world assets. The author predicts that by mid-2026, pre-IPO perpetual contracts for top private companies like SpaceX, OpenAI, and Anthropic on platforms like Hyperliquid will become the primary gateway for accessing quality assets, as most crypto-native tokens fail to capture real value. The much-hyped AI x Crypto intersection largely fails except for prediction markets, which thrive on betting on AI model supremacy. By 2027, public blockchain foundations are forced to choose between catering to retail speculation or building compliant infrastructure for institutions, with many opting for the latter. Growth in stablecoins and tokenized private credit/equity hits a "triple ceiling" due to regulatory and political uncertainty rather than market demand. The pivotal shift is forecast for 2028. A major liquidation event in pre-IPO perpetuals exposes the structural flaw of synthetic markets lacking a real underlying asset anchor. In response, regulatory changes finally allow the public solicitation of private securities resales to verified accredited investors. This creates a legitimate secondary market for real company equity, which then becomes the core asset class of the new bull market, relegating synthetic perps to a niche role. By 2029, the industry becomes "boring" but foundational. Tokens without claims on real cash flows or assets cease trading. Stablecoin growth is steady but politically capped. Crypto infrastructure fades from view as it gets absorbed into traditional finance backends. The article's central thesis is that the key bottleneck for crypto's next phase is legal and regulatory channels for real asset ownership, not technology.

marsbit1 saat önce

Will the Next Crypto Bull Run Start with On-Chain Trading of SpaceX?

marsbit1 saat önce

Kalshi-CFTC Fight In New Mexico Could Shape Prediction Market Rules

A jurisdictional battle between the U.S. Commodity Futures Trading Commission (CFTC) and the state of New Mexico over the regulation of prediction markets could set national rules for the industry. At issue is who polices platforms like Kalshi, with the CFTC asserting federal oversight and New Mexico arguing state gaming and consumer protection laws apply, especially for contracts resembling wagers on events like elections or sports. The outcome will determine if prediction markets can scale nationally under a clear federal framework or face a fragmented, state-by-state regulatory landscape. This dispute is significant for the crypto-adjacent trading community, which often engages with these speculative event markets. A clearer rulebook could boost mainstream adoption, liquidity, and integration with crypto infrastructure, while a state-led challenge could stifle growth. The case is particularly sensitive for sports-related contracts, where the line between financial markets and gambling blurs. Ultimately, this legal fight will shape whether prediction markets become a scalable national product or remain constrained by jurisdictional conflicts.

bitcoinist2 saat önce

Kalshi-CFTC Fight In New Mexico Could Shape Prediction Market Rules

bitcoinist2 saat önce

The Value Distribution of Stablecoins

**Summary: The Value Distribution of Stablecoins** The article argues that stablecoins are evolving from mere trading tools into broader channels for dollar access. It divides the stablecoin ecosystem into four layers to analyze how value is distributed: 1. **Issuance Layer:** Mints stablecoins, holds reserve assets, and captures the spread between reserve yield and user costs (e.g., Tether, Circle). This layer currently earns the largest profit margin. 2. **Infrastructure Layer:** Connects stablecoins to the traditional financial system, handling fiat on/off-ramps, banking integration, compliance (KYC/AML), and asset management (e.g., Bridge, BVNK). This is the "unglamorous" but critical work, building the essential bridges between crypto and real-world finance. 3. **Acquiring/Distribution Layer:** Integrates stablecoins into merchant systems, manages payment flows, and provides enterprise financial software (e.g., Stripe, Coinbase). They act as the access point for businesses. 4. **Application Layer:** The end-users and businesses that ultimately use stablecoins for payments, settlements, or as a store of value. They benefit from convenience but have little pricing power. The core thesis is that while the issuance layer currently dominates profits, the often-overlooked **infrastructure layer holds significant long-term potential**. The real challenge and barrier to mass adoption is not the on-chain transfer of stablecoins (which is simple), but the complex "last mile" integration into existing business workflows, banking systems, and regulatory frameworks across different countries. Companies in this layer are currently in a "land grab" phase, investing heavily to build networks, secure bank partnerships, and establish compliance pathways. While their position is currently pressured by the profitable issuers above and distribution platforms below, the article suggests that if stablecoins become a default financial rail for businesses, the infrastructure providers who have done the hard work of integration will ultimately gain strong pricing power and become entrenched, essential players.

marsbit8 saat önce

The Value Distribution of Stablecoins

The Value Distribution of Stablecoins The article argues that stablecoins are evolving from a mere trading tool into a broad "dollar channel." It analyzes the industry's value chain through four layers: 1. **Issuance Layer (e.g., Tether, Circle):** The top layer that mints stablecoins, holds reserve assets, and captures the thickest interest rate spread. 2. **Infrastructure Layer (e.g., Bridge, BVNK):** Connects stablecoins to the traditional financial system, handling critical but complex "dirty work" like fiat on/off-ramps, banking integration, compliance (KYC/AML), and cross-border settlement. 3. **Acquiring/Distribution Layer (e.g., Stripe, Coinbase):** Embeds stablecoins into merchant systems, manages payment flows, and integrates with enterprise software. 4. **Application Layer:** End-users and businesses that ultimately use stablecoins for payments, settlement, or storing value. The author posits that while the issuance layer currently captures the most profit, the most overlooked and potentially critical layer is infrastructure. The core challenge for stablecoin adoption isn't the on-chain transfer (which is simple), but bridging the gap between blockchain and the real-world financial system. This involves solving practical problems for businesses: fiat conversion, reconciliation, tax handling, and user onboarding. Infrastructure companies are currently in a difficult "land-grab" phase—building networks, securing banking relationships, and achieving compliance country-by-country. They face pressure from both the profitable issuance layer above and distribution platforms below. However, the author suggests this layer is building a crucial moat. Once stablecoins become a default business rail, the infrastructure players who have done the hard work of integration may gain significant, durable value and pricing power.

链捕手8 saat önce

Why Is Nvidia Borrowing $20 Billion When It's Not Short of Cash?

Nvidia's recent announcement to issue at least $20 billion in senior notes, despite holding a strong cash position with over $48.6 billion in free cash flow last quarter, is not a sign of financial need. Instead, it represents a strategic move to leverage its high credit rating (recently upgraded to AA by S&P) to secure low-cost, long-term debt. This capital will support long-term AI infrastructure investments, data centers, R&D, supply chain prepayments, and strategic investments, while allowing the company to continue aggressive shareholder returns through stock buybacks and dividends. The decision reflects a mature capital management strategy: using debt to finance long-term growth assets is more efficient and less dilutive to shareholders than equity financing. It signals that Nvidia, like other tech giants (Alphabet, Meta, Amazon), is entering a new phase of heavy AI capital expenditure, shifting from a pure growth story to a story about capital allocation, credit strength, and long-term ecosystem positioning. The key question for investors is whether Nvidia can maintain its high cash flow generation and ensure that returns from these AI investments justify the cost of capital over the long term. The bond issuance amplifies its expansion capabilities but also ties its valuation more closely to the broader AI investment cycle's sustainability and profitability.

marsbit8 saat önce

Why Is Nvidia Borrowing $20 Billion When It's Not Short of Cash?

marsbit8 saat önce

İşlemler

Spot

Futures

Popüler Makaleler

BILL Nasıl Satın Alınır

HTX.com’a hoş geldiniz! Billions Network (BILL) satın alma işlemlerini basit ve kullanışlı bir hâle getirdik. Adım adım açıkladığımız rehberimizi takip ederek kripto yolculuğunuza başlayın. 1. Adım: HTX Hesabınızı OluşturunHTX'te ücretsiz bir hesap açmak için e-posta adresinizi veya telefon numaranızı kullanın. Sorunsuzca kaydolun ve tüm özelliklerin kilidini açın. Hesabımı Aç2. Adım: Kripto Satın Al Bölümüne Gidin ve Ödeme Yönteminizi SeçinKredi/Banka Kartı: Visa veya Mastercard'ınızı kullanarak anında Billions Network (BILL) satın alın.Bakiye: Sorunsuz bir şekilde işlem yapmak için HTX hesap bakiyenizdeki fonları kullanın.Üçüncü Taraflar: Kullanımı kolaylaştırmak için Google Pay ve Apple Pay gibi popüler ödeme yöntemlerini ekledik.P2P: HTX'teki diğer kullanıcılarla doğrudan işlem yapın.Borsa Dışı (OTC): Yatırımcılar için kişiye özel hizmetler ve rekabetçi döviz kurları sunuyoruz.3. Adım: Billions Network (BILL) Varlıklarınızı SaklayınBillions Network (BILL) satın aldıktan sonra HTX hesabınızda saklayın. Alternatif olarak, blok zinciri transferi yoluyla başka bir yere gönderebilir veya diğer kripto para birimlerini takas etmek için kullanabilirsiniz.4. Adım: Billions Network (BILL) Varlıklarınızla İşlem YapınHTX'in spot piyasasında Billions Network (BILL) ile kolayca işlemler yapın.Hesabınıza erişin, işlem çiftinizi seçin, işlemlerinizi gerçekleştirin ve gerçek zamanlı olarak izleyin. Hem yeni başlayanlar hem de deneyimli yatırımcılar için kullanıcı dostu bir deneyim sunuyoruz.

295 Toplam GörüntülenmeYayınlanma 2026.05.07Güncellenme 2026.06.02

Tartışmalar

HTX Topluluğuna hoş geldiniz. Burada, en son platform gelişmeleri hakkında bilgi sahibi olabilir ve profesyonel piyasa görüşlerine erişebilirsiniz. Kullanıcıların BILL (BILL) fiyatı hakkındaki görüşleri aşağıda sunulmaktadır.