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provide provisions for virtual currency in this state.

South Dakota is creating a new legal framework for virtual currency and other digital assets by establishing definitions and rules for how businesses can handle them. The law allows banks and other financial institutions to provide custodial services (safekeeping and management) for virtual currency and digital assets, and sets up requirements around security measures like multi-signature arrangements to protect customer holdings. This essentially brings virtual currency under South Dakota's financial regulation system so that banks can legally offer cryptocurrency services within the state.

prohibit certain social media censorship.

HB1223 creates new South Dakota law allowing social media users (age 18+) to sue large social media platforms (those with over 75 million users) if they're censored based on political speech or content the user finds offensive. The bill defines "political speech" broadly to include speech about government, social issues, and candidate speech, and restricts platforms from removing such content or using algorithms to suppress it.

establish provisions concerning the sale of adult-use retail marijuana.

South Dakota voters approved recreational marijuana in 2020, and this bill sets up the legal system to regulate and tax the sale of adult-use marijuana by licensed retailers. The bill defines key terms like "adult-use retail marijuana" and "retailers," and establishes that if the constitutional amendment is struck down by the courts, this law automatically repeals. While the legislature emphasizes it doesn't endorse recreational marijuana, it's creating this regulatory framework to ensure the voter-approved system can be properly enforced.

revise certain provisions regarding drones.

SB74 significantly overhauls South Dakota's drone regulations by repealing older drone-specific statutes and consolidating drone rules into updated sections of state law covering topics like definitions, registration, operations, and airspace restrictions. The bill expands and clarifies requirements for drone use, including rules about where and how drones can operate, what permits or permissions may be needed, and protections for privacy and public safety. Several outdated or duplicate drone provisions are removed entirely as part of this modernization of the state's drone regulatory framework.

require certain products contain digital blocking capability, establish a deactivation fee, and establish the human trafficking and child exploitation prevention fund.

This bill requires manufacturers and sellers of internet-connected products to include digital blocking software that can filter out obscene material and nonconsensual pornography, and establishes a fee that distributors can charge consumers to deactivate this blocking feature. The bill also creates a new "Human Trafficking and Child Exploitation Prevention Fund" to support efforts against these crimes. These are new requirements in South Dakota law designed to protect consumers, particularly children, from accessing harmful online content.

authorize certain innovative insurance products and services through insurance innovation waivers.

South Dakota will create a new "insurance innovation waiver" program that allows companies to temporarily test new insurance products and services using emerging technologies like blockchain without meeting all normal licensing requirements. The bill defines what qualifies as an innovative product (one using new or existing technology in a way not commonly offered in the state) and sets up a framework where the state can authorize limited testing of these products with consumers. This gives insurers and insurance-related businesses a way to experiment with new ideas while protecting consumers through state oversight rather than blocking innovation entirely.

authorize banks to engage in business with industrial hemp or marijuana licensees and associated persons.

HB 1203 allows banks to provide financial services to businesses licensed to grow or sell industrial hemp and marijuana in South Dakota, as well as to people associated with those businesses. Currently, federal banking restrictions make it difficult for these businesses to access traditional banking services, so this change removes state-level barriers that prevented South Dakota banks from working with them.

revise provisions regarding industrial hemp and to declare an emergency.

HB 1228 revises South Dakota's rules for growing and regulating industrial hemp, making significant changes to the existing industrial hemp law. The bill updates requirements for hemp production, licensing, or testing—though the specific details of those changes aren't fully visible in the provided text. The bill also declares an emergency, meaning these changes take effect immediately rather than waiting for the standard July 1 effective date.

revise certain provisions related to telecommunications companies.

This bill clarifies how South Dakota regulates telecommunications companies by defining "noncompetitive service" as monopoly services where only one provider exists or where regulation is needed to keep local phone service affordable. The bill also requires the Public Utilities Commission to set quality-of-service standards for these noncompetitive services to ensure they remain fair, reasonable, and nondiscriminatory across all telecommunications carriers in the state.

create provisions regarding technology and privacy.

HB1257 expands South Dakota's technology and privacy protections by amending existing law to add new provisions governing how technology and personal information are handled. The bill makes substantial changes to state law on this topic, though the specific requirements are detailed in the amended statute. This legislation aims to strengthen privacy safeguards related to technology use in the state.

authorize, regulate, and tax wagering on sporting events.

HB 1211 allows South Dakota to legalize and regulate sports wagering while imposing a tax on betting activities. The bill amends existing law to establish the framework for how sports betting will be authorized, controlled, and taxed in the state. This represents a shift from the current prohibition on sports wagering to a regulated market.

authorize, regulate, and tax wagering on sporting events within the city limits of Deadwood and provide a penalty for a violation thereof.

HB 1231 allows sports betting to operate within Deadwood city limits and sets up a system to regulate and tax these wagering activities. The bill amends existing gambling law to specifically authorize this new form of betting in that location and establishes penalties for anyone who violates the rules.

license and regulate out-of-state multi-jurisdictional totalizator hubs.

This bill allows South Dakota to license and regulate horse and dog racing betting hubs located outside the state, as long as they accept wagers from South Dakota residents. The Racing Commission can now collect licensing fees from these out-of-state operations the same way it does from in-state betting hubs.