According to Foresight News , citing Cointelegraph, two Delaware legislators have introduced the Delaware Bank Modernization Act (Senate Bill 16) and the Delaware Payments Stablecoin Act (Senate Bill 19) to establish a licensing framework for stablecoin issuers.
The Stablecoin Act proposes licensing regulations for stablecoin issuers and digital asset service providers operating in Delaware, adopting definitions and wording from the U.S. federal GENIUS Act, and establishing regulatory requirements such as reserve shortage remedies, mandatory redemption deadlines, capital requirements, and anti-money laundering obligations. The Banking Modernization Act primarily updates the corporate governance of traditional financial institutions and introduces a definition of digital assets to enhance regulatory certainty. Both bills still require review by the Senate Banking Committee and debate by the full Senate.
