South Carolina Archives

South Carolina Drops Coinbase Lawsuit Amid SEC’s Shift

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure South Carolina dismissed its lawsuit against crypto exchange Coinbase, becoming the second state to drop its staking-related case after the US watchdog’s shift toward the industry. The exchange’s Chief Legal Officer (CLO) called the development a “victory” for crypto investors. South Carolina […]

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Proposed South Carolina Bill Lets State Treasurer Invest 10% Of State Funds In Bitcoin

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Yesterday, Rep. Jordan Pace reintroduced Bill H. 4256, The “Strategic Digital Assets Reserve Act Of South Carolina”, into South Carolina’s House of Representatives. Highlights from the bill include the fact that it enables the State Treasurer to invest up to 10% of the funds under the state’s management into digital assets, including bitcoin, and that

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South Carolina explores Bitcoin reserve, drops Coinbase lawsuit

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South Carolina has taken a significant step toward integrating digital assets into state-level financial strategy. On March 27, the state lawmakers introduced a new bill to create a Bitcoin reserve to safeguard public funds from inflation. At the same time, the state dropped its lawsuit against Coinbase over alleged securities violations tied to its staking

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