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

Ripple’s RLUSD Lands In Mastercard’s Stablecoin Settlement Expansion

Mastercard is expanding its stablecoin settlement capabilities, adding Ripple's RLUSD alongside other regulated stablecoins like USDC and PYUSD. This move allows issuers and acquirers to settle card transactions using digital assets on various blockchains, including Ethereum, Solana, and the XRP Ledger. The enhancement introduces intraday, weekend, and holiday settlement options, aiming to provide more flexibility, especially for cross-border payments and treasury operations. Mastercard positions this as a network-level addition that complements existing processes, with initial support focused on the US and Latin America. Ripple views RLUSD's inclusion as validation for regulated stablecoins in institutional payment infrastructure, highlighting the growing demand for faster, always-on settlement.

bitcoinist19 dk önce

Ripple’s RLUSD Lands In Mastercard’s Stablecoin Settlement Expansion

bitcoinist19 dk önce

Fei-Fei Li's Team Clarifies the Concept of 'World Models', Sora Merely a Renderer

"World Models" has become a widely used yet confusing term in AI. To address this, a team led by Fei-Fei Li and World Labs proposed a functional taxonomy based on the Partially Observable Markov Decision Process framework. This taxonomy categorizes systems called "world models" into three distinct projections: Renderers, Simulators, and Planners. Renderers, like OpenAI's Sora and other video generation models, focus on producing photorealistic visual outputs for human perception. They prioritize visual fidelity over physical accuracy. Simulators, such as NVIDIA Omniverse, aim to compute precise future environmental states for computational tasks like engineering analysis or digital twins. Planners, like Vision-Language-Action models, take in observations and goals to output executable actions for robots or agents. The article clarifies that most current "world models," including Sora, are primarily Renderers. They generate convincing visuals but lack the core ability to simulate state transitions based on actions, a key requirement for a true world model in classic reinforcement learning definitions. This conceptual confusion has practical implications, leading to potential misalignment in technology selection, investment, and public understanding of AI capabilities. Clear categorization is crucial. It helps enterprises avoid costly mistakes (e.g., using a renderer for robot training), allows investors to accurately assess markets, and enables researchers to build comparable benchmarks. While future systems may integrate these functions, recognizing current boundaries is essential for honest assessment and progress.

marsbit37 dk önce

Fei-Fei Li's Team Clarifies the Concept of 'World Models', Sora Merely a Renderer

marsbit37 dk önce

From Web3 to AI Agent: Veteran Crypto VC Variant Bets $300 Million on Pivot

Variant Fund has announced the launch of Variant 4, a new $222 million early-stage venture fund. Its investment thesis has evolved from "digital ownership" to a broader theme of "sovereignty," focusing on technologies that enhance user agency—the control individuals have over their lives, assets, and identity. The firm distinguishes between mere automation and systems that genuinely empower users, emphasizing that the key question is who ultimately benefits: the user or the platform. This new framework encompasses Variant's existing investments in areas like public blockchains (Ethereum, Solana), developer infrastructure, decentralized finance (e.g., Uniswap), and consumer applications. It also informs recent early bets on projects such as Honcho (for self-custodial AI agent memory), Octet (cryptographic verification of physical location), and here.now (an "agent cloud" for owning and composing generative content). Variant's core mission remains to back founders building technologies that expand user sovereignty, moving towards an internet where users possess unprecedented agency rather than being the product.

marsbit42 dk önce

From Web3 to AI Agent: Veteran Crypto VC Variant Bets $300 Million on Pivot

marsbit42 dk önce

Solana Explosive Growth Pushes Its Monthly Perps Volume Beyond Prior Records

Despite bearish market conditions and price volatility, Solana is demonstrating significant strength in its derivatives market. The network's monthly perpetual futures volume has surged to a new record, exceeding $76.7 billion in May 2026—a 34% increase from the previous high. This growth reflects heightened speculative activity and trader engagement. Analysts note that perpetual contracts are becoming crucial financial primitives, with Solana positioning itself as a network for genuine on-chain price discovery and execution. Concurrently, Solana is experiencing a massive increase in stablecoin activity, processing over $79.9 billion in stablecoin volume in one week, underscoring its role as a major hub for on-chain liquidity and transactions.

bitcoinist50 dk önce

Solana Explosive Growth Pushes Its Monthly Perps Volume Beyond Prior Records

bitcoinist50 dk önce

Bloomberg Uncovered: How Do China's Wealthy Circumvent the Annual $50,000 Limit to Transfer Assets?

**Summary: How Wealthy Chinese Circumvent $50,000 Annual Foreign Exchange Limits** Despite China's strict capital controls, including an annual $50,000 per person foreign exchange quota, an estimated $150 billion in funds still leaves the country annually via various gray and underground channels. This report outlines the evolution of China's "capital wall" and the methods used to bypass it. **The Evolving Capital Controls:** * **Foundation (1994):** The system of "current account convertibility with strict capital account controls" was established. * **Quota Set (2007):** The $50,000 individual annual forex purchase limit was formalized. * **Crackdown Begins (2015-2017):** Following market volatility, enforcement tightened. Banks were required to scrutinize transactions, and channels like using UnionPay cards for Hong Kong insurance premiums or buying overseas property were blocked. * **Digital & Legal Upgrades (2024-2026):** Enhanced algorithms now flag suspicious patterns (e.g., "smurfing"). The Common Reporting Standard (CRS) provides Chinese tax authorities with data on citizens' offshore accounts. Unlicensed cross-border brokers have been targeted. **Five Primary Methods for Moving Capital:** 1. **Underground Banking / "Hawala" (Duiqiao):** The largest-scale method. No money crosses borders. Clients pay RMB to a domestic account; an overseas associate deposits equivalent foreign currency into the client's offshore account. Risks include high fees, account freezes, and legal penalties. 2. **"Smurfing" or "Ant Moving":** Using multiple individuals' $50,000 quotas to pool funds for one offshore recipient. Increasingly detected by anti-money laundering algorithms. 3. **Trade Invoice Manipulation:** Businesses over-invoice imports or under-invoice exports via offshore shell companies, creating a pretext to transfer excess funds abroad under the guise of trade. 4. **Channel Migration:** After a crackdown on internet brokers, funds flow toward more compliant but costly channels like major banks' cross-border wealth management services or Qualified Domestic Institutional Investor (QDII) quotas. 5. **Structural Arrangements:** High-net-worth individuals use complex, high-cost legal structures involving offshore trusts, insurance, and investment migration programs to transfer asset ownership. **Regulatory Response: Focusing on People, Not Just Money** The current strategy extends oversight from enterprises to **individual residents**. Tools like CRS allow retroactive visibility into offshore assets. Cryptocurrencies, once seen as a potential loophole, are now actively monitored and prosecuted as an illegal channel. The underlying driver remains: with significant wealth concentrated among millions of affluent households seeking diversification amid domestic economic shifts, the incentive to move assets offshore persists despite regulatory barriers.

marsbit56 dk önce

Bloomberg Uncovered: How Do China's Wealthy Circumvent the Annual $50,000 Limit to Transfer Assets?

marsbit56 dk 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.

216 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.