Delaware Enacts Banking, Money Transmission, and Stablecoin Modernization Package

Short summary

Delaware enacted three bills modernizing regulation of banks, money transmitters, virtual currency businesses, and payment stablecoin issuers. SB 16 lets state-chartered banks hold digital assets fiduciarily, SB 18 expands money transmission oversight to cover virtual currency, and SB 19 establishes a stablecoin licensing framework aligned with the federal GENIUS Act. Affected businesses should evaluate licensing, reserve, and compliance impacts.

• •Delaware passed three bills modernizing banking, money transmission, and stablecoin regulation
• •SB 19 creates stablecoin issuer licensing aligned with federal GENIUS Act, requiring eligible reserves and monthly reports
• •Money transmitters, crypto businesses, and stablecoin issuers should assess licensing and compliance impacts

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