•South Carolina Governor Henry McMaster signed Senate Bill 163 into law, banning state entities from accepting or requiring payments in Central Bank Digital Currencies (CBDCs).
•The new legislation offers strong legal support and protections for cryptocurrency mining operations within the state.
•The bill passed the legislature with strong bipartisan support, clearing the Senate with a 38–1 vote.
•The Ethereum Foundation has proposed a technical solution to mitigate the risk of hundreds of millions of dollars being stolen from crypto wallets and protocols.
