The Governor of South Carolina has officially signed bill S.163 into law, marking one of the latest pro-crypto legislative moves in the United States.
The new law protects self-custody rights for Bitcoin users, bans discriminatory taxation targeting Bitcoin and digital assets, and strengthens legal protections for proof-of-work mining operations within the state.
The legislation also establishes safeguards for individuals and businesses involved in cryptocurrency mining activities, reinforcing support for blockchain infrastructure development.
Analysts view the move as another sign of growing competition among U.S. states seeking to attract blockchain, mining, and digital asset companies amid ongoing national debates over crypto regulation.