The Office of the Governor of the State of South Dakota
03/11/2026 | Press release | Distributed by Public on 03/11/2026 14:33
Gov. Rhoden Signs Crypto Security Bills
Article Body
FOR IMMEDIATE RELEASE
March 11, 2026
Contact: Josie Harms
Gov. Rhoden Signs Crypto Security Bills
PIERRE, S.D. - Today, Governor Larry Rhoden signed three cryptocurrency security bills into law.
"My number one priority is keeping South Dakotans safe - and as technology continues to grow, we need to proactively protect people from scams and financial abuse," said Governor Larry Rhoden. "Criminals are increasingly using digital tools and cryptocurrency to take advantage of others, so these bills will help safeguard against fraud and exploitation."
Governor Rhoden signed the following three bills into law:
- SB 43addresses search and seizure provisions applicable to digital currency;
- SB 98prevents virtual currency kiosk fraud; and
- HB 1238protects financial institutions taking action to prevent the financial exploitation of consenting, senior, or vulnerable adults.
Governor Rhoden has signed 147 bills into law and vetoed one this legislative session.
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