SS1FORSB19 • 2025

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

Enacted

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

Sponsor
Last action: 2026-04-15
Official status: Assigned to Finance Committee in Senate
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.

What This Bill Does

AN ACT TO AMEND TITLE 5 OF THE DELAWARE CODE RELATING TO STABLECOINS.
This Act is a substitute for and differs from Senate Bill No.
19 by doing the following: (1) Reorganizing the proposed "Delaware Payment Stablecoins Act" as Chapter 35 of Title 5, rather than Chapter 40 as originally proposed in Senate Bill No.
19.

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

2026-07-06 Delaware General Assembly
SS 2 for SB 19 - Signed by Governor
2026-06-24 Delaware General Assembly
SS 2 for SB 19 - Passed By Senate. Votes: 21 YES
2026-06-18 Delaware General Assembly
Substituted in Senate by SS 2 for SB 19
2026-06-18 Delaware General Assembly
SS 2 for SB 19 - - Stricken in House
2026-06-18 Delaware General Assembly
SS 2 for SB 19 - - Passed In House by Voice Vote
2026-06-18 Delaware General Assembly
SS 2 for SB 19 - Passed By House. Votes: 36 YES 5 ABSENT
2026-06-16 Delaware General Assembly
SS 2 for SB 19 - Reported Out of Committee (Appropriations) in House with 6 On Its Merits
2026-06-16 Delaware General Assembly
SS 2 for SB 19 - Reported Out of Committee (Appropriations) in House with 6 On Its Merits
2026-06-04 Delaware General Assembly
Substituted in Senate by SS 2 for SB 19
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
2026-05-05 Delaware General Assembly
SS 2 for SB 19 - Assigned to Appropriations Committee in House
2026-04-30 Delaware General Assembly
SS 2 for SB 19 - Assigned to Economic Development/Banking/Insurance & Commerce Committee in House
2026-04-23 Delaware General Assembly
SS 2 for SB 19 - Passed By Senate. Votes: 20 YES 1 NOT VOTING
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
2026-04-21 Delaware General Assembly
Substituted in Senate by SS 2 for SB 19
2026-04-15 Delaware General Assembly
Reported Out of Committee (Banking, Business, Insurance & Technology) in Senate with 2 Favorable, 5 On Its Merits
2026-04-15 Delaware General Assembly
Assigned to Finance Committee in Senate
2026-04-13 Delaware General Assembly
Adopted in lieu of the original bill SB 19, 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 is a substitute for and differs from Senate Bill No. 19 by doing the following:

(1) Reorganizing the proposed "Delaware Payment Stablecoins Act" as Chapter 35 of Title 5, rather than Chapter 40 as originally proposed in Senate Bill No. 19.
(2) Creating § 3508, which restricts non-financial public companies from issuing payment stablecoins.
(3) Creating § 3518, which establishes a voluntary registration pathway for digital asset service providers rather than through the licensing process as originally proposed in Senate Bill No. 19.
(4) Creating § 3556, which establishes procedures for the insolvency of a payment stablecoin issuer.
(5) Creating a new definition of “control” to better align with the bill.
(6) Making appropriate technical corrections to conform to the standards of the Delaware Legislative Drafting Manual.

This Act establishes the Delaware Payment Stablecoin Act under Title 5 of the Delaware Code. It creates a licensing framework for payment stableco