Two bills to regulate digital currency in South Dakota are on their way to Gov. Larry Rhoden’s desk after supportive votes in both chambers of the legislature.
One bill is meant to curb scams involving digital currency kiosks; the other would define cryptocurrency as a seizable asset.
U.S. citizens lost $9.3 billion in crypto assets in 2025, Attorney General Marty Jackley told lawmakers in the House Judiciary Committee in support of the latter bill. South Dakotans were scammed out of $13.8 million in digital currency that year, he said.
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