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South Carolina Bitcoin Reserves and Cryptocurrency Laws

South Carolina Bitcoin Reserves and Cryptocurrency Legislation

South Carolina Bitcoin Reserve Overview

Proposed Reserves (H 4256)
Friendly Regulatory Status
Blockchain Innovation Supported

South Carolina Bitcoin Reserves

South Carolina Legislative Breakdown

State BTC Reserves % of Global Holdings Legal Status Last Updated Key Laws and Regulations
South Carolina (SC) Proposed (No Official Reserves) 0% Friendly 2025-03-27
  • H 4256 (2025): Strategic Digital Assets Reserve Act, proposes up to 10% of state funds in Bitcoin (cap at 1M BTC); pending as of May 2025
    • [](https://www.scstatehouse.gov/sess126_2025-2026/bills/4256.htm)[](https://x.com/rovercrc/status/1905574442324967865)[](https://x.com/Cointelegraph/status/1905477549381034218)
  • SB 275 (2025): Strategic Bitcoin Reserve Act, proposed 5% of public funds in Bitcoin; tabled by committee in February 2025
    • [](https://www.spglobal.com/ratings/en/research/articles/250327-cryptocurrency-is-growing-within-u-s-state-reserves-and-statewide-pension-plans-13455336)
  • S 0213 (2025): Established a blockchain technology study committee; signed into law on May 8, 2025
  • H 3749 (2025): Proposes tax incentives for blockchain businesses; pending as of May 2025
  • South Carolina Money Transmitter Act (2018): Requires licenses for crypto-fiat transactions, $10,000 fee + $50,000 bond
  • State income tax (0–7%) and federal capital gains tax (15–37%) apply to crypto earnings
  • ~140,000 residents (~2.7% of population) use crypto; $2.8B in transactions (2023–2024, est.)
  • Approximately 12 Bitcoin ATMs, primarily in Columbia and Charleston (2024)

South Carolina Bitcoin Reserve Status

Current status: PROPOSED (NO OFFICIAL RESERVES)

South Carolina has not established a state Bitcoin reserve, but H 4256, introduced on March 27, 2025, proposes the Strategic Digital Assets Reserve Act, allowing up to 10% of state funds (capped at 1 million Bitcoin) to be invested in Bitcoin with proof of reserves. SB 275, proposing 5% of public funds, was tabled in February 2025. The state’s crypto-friendly environment is supported by S 0213’s blockchain study committee (enacted May 8, 2025) and H 3749’s tax incentives (pending). The Money Transmitter Act imposes moderate licensing requirements.

No funds have been allocated for Bitcoin reserves, as H 4256 is pending. South Carolina aims to diversify state funds with digital assets if passed.

3/27/2025
PROPOSED
H 4256, the Strategic Digital Assets Reserve Act, was introduced, proposing up to 10% of state funds in Bitcoin with a cap of 1 million BTC.
5/8/2025
SIGNED INTO LAW
S 0213 was signed into law, establishing a blockchain technology study committee to recommend regulations.
2/15/2025
PROPOSED
H 3749 was introduced, proposing tax incentives for blockchain businesses to attract crypto startups; the bill is pending.
2/15/2025
PROPOSED
SB 275, the Strategic Bitcoin Reserve Act, was introduced, proposing 5% of public funds in Bitcoin; later tabled by committee.
6/1/2018
SIGNED INTO LAW
The South Carolina Money Transmitter Act was enacted, requiring licenses for crypto-fiat transactions with a $10,000 fee and $50,000 bond.
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