Delaware Introduces Bipartisan Bill to Regulate Stablecoin Issuers
Two Delaware lawmakers introduced Senate Bill 19 on March 24 as part of a broader banking modernization package to update state banking law that has seen little revision since 1981.
Fact Check
The claim is accurately supported by official legislative documents and multiple reputable news outlets. Senate Bill 19 (the Delaware Payment Stablecoin Act) was introduced alongside Senate Bill 16 on March 23-24, 2026, to modernize Delaware's banking code (Title 5), which had not seen significant updates since 1981. The bills were sponsored by Senator Spiros Mantzavinos and Representative Bill Bush.
Summary
Two Delaware lawmakers introduced Senate Bill 19 on March 24 to establish a licensing framework for stablecoin issuers and digital asset service providers. The bill is part of a broader banking modernization package intended to update Delaware banking law, which the report says has seen little revision since 1981.
Terms & Concepts
- Stablecoin: A cryptocurrency designed to maintain a stable value, typically by being backed by reserves such as fiat currency.