SCFE

ORG:SCFEDERAL

South Carolina Federal Credit Union

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A public discussion about the possibility of bringing a casino to South Carolina turned into a fiery debate. House Bill 4176, which is being considered by the State House of Representatives Ways and Means Revenue Policy Subcommittee, sparked emotional arguments from supporters and critics. The bill would allow the Ways and Means Subcommittee to create the South Carolina Gaming Commission, which would take charge of vetting and issuing casino licenses to approved operators.

casino.com

South Carolina Republicans plan to raise income taxes for approximately 60% of filers in 2026 to establish a flat income tax rate. The top rate will drop to 3.99% next year, aiming to reduce it further to 2.49% in the future. Democrats express concern about the initial tax increase and lack of a clear timeline for a subsequent tax cut. The state aims to achieve the flat tax rate through significant economic growth, which hinges on the economic situation.

apnews.com

Scienaptic AI, a leading provider of AI-powered credit decisioning platforms, announced its strategic partnership with Endurance Federal Credit Union, a community-minded credit union based in Duncan, Oklahoma, to enhance credit decisioning, expand credit access, and deepen member relationships. This partnership aims to make faster, fairer, and more personalized lending decisions that align with Endurance FCU's mission of lifelong financial well-being for members.

markets.businessinsider.com

A bill proposed in South Carolina's House of Representatives would allow the State Treasurer to invest up to 10% of state funds in digital assets, including bitcoin, to act as a hedge against inflation and economic volatility. The bill outlines the establishment of a Strategic Digital Assets Reserve, which can hold up to one million bitcoin. The State Treasurer is responsible for preparing biennial reports and publishing proof of reserves, and the reserve will undergo annual independent audits.

bitcoinmagazine.com

On March 28, 2025, South Carolina lawmakers proposed a bill to allocate 10% of the state's funds into Bitcoin, marking a significant development in the integration of cryptocurrencies into state financial strategies. The proposed bill, if approved, could introduce substantial capital inflow into Bitcoin, influencing the cryptocurrency market. Following the announcement, Bitcoin's price surged by 5.38% from $65,000 to $68,500, with trading volume increasing on major exchanges like Binance and Coinbase. The Fear and Greed Index also rose from 62 to 75, indicating a shift towards greed. The trading implications are multifaceted, with increased volatility and trading opportunities.

blockchain.news

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    South Carolina Federal Credit Union offers mortgage loans, auto loans, and various financial services.