The House judiciary committee is considering a bill that would allow political candidates to accept digital currency to support their campaign funds. Dennis Fassuliotis, executive director of the trade group PalmettoChain and a leader in supporting bill H.3723, said that the movement of anonymous virtual cash would add transparency to political contributions because of how ledger transactions are documented. “Records are immutable. You can’t change them,” said Fassuliotis, who has yet to find a sponsor for the law in the Senate. Other states that have decided on the issue include Tennessee, which has had a similar law in effect since 2015, and North Carolina, where a state elections official maintained that virtual currency cannot be consistently appraised or regulated. The Federal Election Commission has permitted it for federal office candidates since 2014. In April, the House ethics committee turned down a candidate’s inquiry into the acceptance of Bitcoin as campaign cash because “virtual” or “digital currency” are not defined as a contribution under state law. The South Carolina proposal states that the virtual currency must first be sold in order to be counted in a campaign account and a report must be made if the currency saw a rise in value in the time between acceptance and cash-out.
Six of the 11 members of the Richland County Council voted down a request to grant pay increases for 20 full-time members of the Program Development Team, which consists of three private companies under contract to oversee the county’s $1 billion penny sales tax transportation efforts. The PDT last year asked the council to OK raises for 2018 in addition to retroactive raises for 2016-17 that would total a combined raise reflecting an estimated 10% increase to current paychecks. One obstacle included an investigation by The State newspaper that showed some salaries the PDR provided to the county included figures that were “inaccurate information,” such as a secretary earning $52,000. The team’s $32 million management deal ends its five-year span in November.
Of South Carolina’s $4.2 billion in new business projects in 2018 counted by the state’s Commerce Department, three of the top projects are housed in Berkeley County, led by Google’s $600 million expansion of its Moncks Corner data center. A Goose Creek expansion tabbed at $255 million for J.W. Aluminum, expected to finish in 2020, is the state’s fourth-biggest deal in the economic development report. The 600 jobs expected to spring from a manufacturing site near Goose Creek where welding and fabrication firm W International contributes to the construction of the Navy’s next-generation submarines ranked third among job announcements. New projects around the state created 14,071 jobs, with 1,100 coming from a York County corporate headquarters for RoundPoint Mortgage Servicing Corp.
Domino’s Paving for Pizza drive has given Simpsonville $5,000 for pothole repair, a city spokesman said. For the nationwide campaign, which began in June and promises to support a city in all 50 states, the pizzamaker sends money to a municipality to complete the repairs. The Simpsonville Public Works Department expects to fix 200 potholes over five months beginning in March. “(The grant) stretches our budget out and boosts it in terms of asphalt,” said Public Works department director Jay Crawford.