South Carolina Governor Signs Legislation Prohibiting Issuance and Testing of CBDC - Tekedia

South Carolina Governor Henry McMaster signed Senate Bill 163 on May 19, 2026.

The law bars state and local agencies from accepting or requiring CBDCs and from joining Federal Reserve CBDC tests.

Private stablecoins such as USDC are excluded, and certain crypto-related activities remain protected.

The move strengthens state-level pushback against federally issued digital money and adds regulatory fragmentation.