South Carolina Proposes Bitcoin Reserve Bill for State Funds

2 mins mins

Key Points:

South Carolina proposes Bitcoin investment bill introducing significant financial shifts.
State may allocate up to 10% in Bitcoin reserves.
Bitcoin cap set at 1 million BTC.

South Carolina legislators have introduced a bill allowing up to 10% of state funds to be invested in Bitcoin. Representative Jordan Pace sponsors the South Carolina Bill 4256 for 2025-2026 session details, setting a cap at 1 million BTC.

The proposed bill signifies potential state-level interest in Bitcoin, impacting both financial planning and cryptocurrency regulation.

South Carolina Targets 10% State Funds in Bitcoin Investments

South Carolina’s Bitcoin Reserve Bill (H4256) seeks to allocate up to 10% of state funds into Bitcoin investments. Representative Jordan Pace introduced the bill, with State Treasurer Curtis Loftis executing the strategy if approved. The reserve limit is set at 1 million BTC, signaling bold state investment ambitions.

Should the bill pass, South Carolina could redirect public funds towards Bitcoin, altering traditional investment approaches. “The bill is designed to allow the state treasurer to invest up to 10% of state funds in Bitcoin, paving the way for greater cryptocurrency adoption,” said Representative Jordan Pace, South Carolina State Representative. Market implications include diversifying state portfolios and reflecting growing governmental faith in Bitcoin’s potential. With similar initiatives seen in North Carolina, state-level cryptocurrency adoption expands.

Government and market reactions emerge, with figures like Paul Grewal, Coinbase’s Chief Legal Officer, commenting on shifting regulatory landscapes following a recent lawsuit dismissal. His statements reflect a broader trend towards cryptocurrency-friendly policies, forecasting an increase in digital asset adoption at both state and federal levels.

42 Bitcoin Reserve Bills Proposed Across 19 States in 2025

Did you know? In March 2025, 42 Bitcoin reserve bills were introduced across 19 states, indicating a nationwide shift towards state cryptocurrency investments.

Bitcoin, symbolized as BTC, currently trades at $85,191.89, maintains a market cap of $1.69 trillion, with market dominance at 61.09%. Over the past day, Bitcoin has seen a 2.54% price drop, but posted a 1.54% gain over the last week. (CoinMarketCap, 07:57 UTC on March 28, 2025).

bitcoin-daily-chart-18 — Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 07:57 UTC on March 28, 2025. *Source: CoinMarketCap*

Coincu research suggests that, if implemented, South Carolina’s Bitcoin Reserve Bill could set a precedent, causing heightened financial and regulatory scrutiny. Such state-led initiatives might enhance Bitcoin’s credibility and catalyze further exploration into cryptocurrency applications within public sectors.