South Carolina has enacted a new law aimed at establishing a clear and supportive framework for cryptocurrency use, marking one of the most comprehensive state-level efforts to date.

Governor Henry McMaster signed Senate Bill 163 into law on May 19 after it passed the legislature with strong bipartisan support, clearing the Senate in a 38–1 vote and the House in a 110–1 vote. The measure amends the state’s legal code to define key digital asset activities while outlining protections for users, businesses, and infrastructure tied to the sector.

At the core of the legislation is a provision that affirms the right of individuals and businesses to use digital assets like…

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