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South Carolina enacts law protecting crypto rights, banning state CBDC use, and easing mining regulations.

Market News
20 May 2026
Blockonomi
View Source
Bullish
pluang ai news

South Carolina has passed a comprehensive cryptocurrency law that protects digital asset holders and blockchain businesses by banning state government use of central bank digital currencies (CBDCs) and prohibiting participation in federal CBDC programs. The law ensures legal protections for self-custody wallets, exempts mining and staking operations from certain licenses, and restricts local governments from imposing special taxes or restrictive regulations on crypto activities. This positions South Carolina as a national leader in crypto-friendly policies amid growing federal regulatory uncertainty, supporting innovation and financial privacy in the digital asset space.

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