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SB19 • 2025

AN ACT TO AMEND TITLE 5 OF THE DELAWARE CODE RELATING TO STABLECOINS.

AN ACT TO AMEND TITLE 5 OF THE DELAWARE CODE RELATING TO STABLECOINS.

Privacy
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Last action
2026-07-06
Official status
SS 2 for SB 19 - Signed by Governor
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

AN ACT TO AMEND TITLE 5 OF THE DELAWARE CODE RELATING TO STABLECOINS.

AN ACT TO AMEND TITLE 5 OF THE DELAWARE CODE RELATING TO STABLECOINS.

What This Bill Does

  • AN ACT TO AMEND TITLE 5 OF THE DELAWARE CODE RELATING TO STABLECOINS.
  • This Act establishes the Delaware Payment Stablecoin Act under Title 5 of the Delaware Code.
  • It creates a licensing framework for payment stablecoin issuers and digital asset service providers operating with or on behalf of Delaware residents.
  • The Act adopts definitions drawn from the federal Guiding and Establishing National Innovation for U.S.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-07-06 Delaware General Assembly

    SS 2 for SB 19 - Signed by Governor

  2. 2026-06-24 Delaware General Assembly

    SS 2 for SB 19 - Passed By Senate. Votes: 21 YES

  3. 2026-06-18 Delaware General Assembly

    Substituted in Senate by SS 2 for SB 19

  4. 2026-06-18 Delaware General Assembly

    SS 2 for SB 19 - - Stricken in House

  5. 2026-06-18 Delaware General Assembly

    SS 2 for SB 19 - - Passed In House by Voice Vote

  6. 2026-06-18 Delaware General Assembly

    SS 2 for SB 19 - Passed By House. Votes: 36 YES 5 ABSENT

  7. 2026-06-16 Delaware General Assembly

    SS 2 for SB 19 - Reported Out of Committee (Appropriations) in House with 6 On Its Merits

  8. 2026-06-16 Delaware General Assembly

    SS 2 for SB 19 - Reported Out of Committee (Appropriations) in House with 6 On Its Merits

  9. 2026-06-04 Delaware General Assembly

    Substituted in Senate by SS 2 for SB 19

  10. 2026-05-05 Delaware General Assembly

    SS 2 for SB 19 - Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 9 On Its Merits

  11. 2026-05-05 Delaware General Assembly

    SS 2 for SB 19 - Assigned to Appropriations Committee in House

  12. 2026-04-30 Delaware General Assembly

    SS 2 for SB 19 - Assigned to Economic Development/Banking/Insurance & Commerce Committee in House

  13. 2026-04-23 Delaware General Assembly

    SS 2 for SB 19 - Passed By Senate. Votes: 20 YES 1 NOT VOTING

  14. 2026-04-22 Delaware General Assembly

    SS 2 for SB 19 - Reported Out of Committee (Finance) in Senate with 1 Favorable, 3 On Its Merits

  15. 2026-04-21 Delaware General Assembly

    Substituted in Senate by SS 2 for SB 19

  16. 2026-04-15 Delaware General Assembly

    SS 1 for SB 19 - Reported Out of Committee (Banking, Business, Insurance & Technology) in Senate with 2 Favorable, 5 On Its Merits

  17. 2026-04-15 Delaware General Assembly

    SS 1 for SB 19 - Assigned to Finance Committee in Senate

  18. 2026-04-13 Delaware General Assembly

    Substituted in Senate by SS 1 for SB 19

  19. 2026-03-23 Delaware General Assembly

    Introduced and Assigned to Banking, Business, Insurance & Technology Committee in Senate

Official Summary Text

AN ACT TO AMEND TITLE 5 OF THE DELAWARE CODE RELATING TO STABLECOINS.
This Act establishes the Delaware Payment Stablecoin Act under Title 5 of the Delaware Code. It creates a licensing framework for payment stablecoin issuers and digital asset service providers operating with or on behalf of Delaware residents. The Act adopts definitions drawn from the federal Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), Pub. L. 119-27, and from the Office of the Comptroller of the Currency's proposed rulemaking implementing that statute (Docket ID OCC-2025-0372), where those definitions do not duplicate existing Delaware law. The Act establishes reserve requirements including reserve shortfall remediation cascades, mandatory redemption timing standards, capital standards, anti-money laundering obligations, data privacy statutory floors, change-in-control notice procedures, custody safeguards, a federal-to-state charter conversion pathway, and strong preemption provisions. The State Bank Commissioner is directed to promulgate imple