The measure passed the South Carolina House by a 110-1 vote and would block state authorities from accepting or requiring central bank digital currency (government-issued digital money) payments.
The South Carolina House advanced a cryptocurrency-related bill on Tuesday by a 110-1 vote. According to the provided text, the measure would prohibit state governing authorities from accepting or requiring payments in a central bank digital currency (government-issued digital money), or CBDC, and would also bar participation in any Federal Reserve (U.S. central bank) CBDC test. The move reflects state-level scrutiny of digital dollar initiatives and focuses specifically on limiting official use of a potential U.S. government-backed digital currency.