Some truth but details being ironed out.
SCYS presented the new Coastal league(s) this spring and a proposal was part of our recent Coastal district meeting held in Charleston. All coastal district clubs and leadership are aware and to a degree involved in the initiative so I would recommend reaching out to your club leadership for more information and latest status. Of course, I'll post what I can but may not be as 'in the know' as some others.
Currently Coastal district clubs are reviewing and providing guidance on structure and rules with oversight and help from our new SCYS coastal commisioner, Matt Hooker.
In many respects the new league will resemble LSYSA but there are a few key differences that many of us feel are beneficial. Key to the new proposal is an extension of support for ages up to U19 (from U14) and regional options that will reduce the amount of travel needed up and down our large coastal area (think Hilton Head to Myrtle Beach for a U10 rec game).
Our club like many others are involved with the planning and while there are still aspects and details to iron out, I think it is quite possible we will see new options for competition this fall.