South CarolinaH 3304126th General Assembly (2025-2026)House

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 36-1-201, RELATING TO COMMERCIAL CODE GENERAL DEFINITIONS, SO AS TO ADD THE DEFINITION OF "CENTRAL BANK DIGITAL CURRENCY" AND TO AMEND THE DEFINITION OF "MONEY" TO EXCLUDE CENTRAL BANK DIGITAL CURRENCY; BY AMENDING SECTION 26-6-160, RELATING TO CONTROL OF TRANSFERABLE RECORDS PURSUANT TO THE UNIFORM ELECTRONIC TRANSACTIONS ACT, SO AS TO MAKE A TECHNICAL CHANGE; BY AMENDING SECTION 34-3-210, RELATING TO THE GENERAL POWERS OF A BANKING CORPORATION, SO AS TO PROHIBIT A BANKING CORPORATION FROM OFFERING ANY SERVICE OR APPROVING OF OR CONDUCTING ANY TRANSACTION THAT INVOLVES CENTRAL BANK DIGITAL CURRENCY; AND TO REQUIRE THE STATE BOARD OF FINANCIAL INSTITUTIONS TO PROMULGATE REGULATIONS TO PROHIBIT ENTITIES WITHIN ITS JURISDICTION FROM OFFERING OR PROVIDING ANY SERVICE OR CONDUCTING ANY TRANSACTION THAT WOULD UTILIZE CENTRAL BANK DIGITAL CURRENCY.

Sponsored By: Kathy Landing (Republican)

In Committee

Summary

Banning Central Bank Digital Currency

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Kathy Landing

    Republican • House

Cosponsors

  • William M. "Bill" Chumley

    Republican • House

  • Sarita L. Edgerton

    Republican • House

  • Josiah Magnuson

    Republican • House

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Member(s) request name added as sponsor: Edgerton

    2/12/2025House
  2. Referred to Committee on Labor, Commerce and Industry

    1/14/2025House
  3. Introduced and read first time

    1/14/2025House
  4. Referred to Committee on Labor, Commerce and Industry

    12/5/2024House
  5. Prefiled

    12/5/2024House

Bill Text

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