Delaware · Senate Bill 19 · 153rd General Assembly

Delaware Payment Stablecoin Act/Establish

SB 19 Sponsored by Spiros Mantzavinos Withdrawn

  1. Introduced Mar 23, 2026
  2. In committee Mar 23, 2026
  3. Withdrawn  
  4. Passed the House  
  5. To the governor  
  6. Became law  

What it does

The legislature's own summary of the bill, or its official long title.

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…

Read the full title (195 words)

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 implementing regulations within specified timeframes to align Delaware's framework with evolving federal standards. This Act requires a greater than majority vote for passage because § 28 of Article IV of the Delaware Constitution requires the affirmative vote of two-thirds of the members elected to each house of the General Assembly to create a new crime within the jurisdiction of a court of competent jurisdiction.

Every action

19 steps, oldest first, as the legislature records them.

Show the 11 earlier steps
  1. CommitteeIntroduced and Assigned to Banking, Business, Insurance & Technology Committee in Senate · Senate Banking, Business, Insurance & Technology
  2. SenateSubstituted in Senate by SS 1 for SB 19
  3. SenateSS 1 for SB 19 - Reported Out of Committee (Banking, Business, Insurance & Technology) in Senate with 2 Favorable, 5 On Its Merits
  4. SenateSS 1 for SB 19 - Assigned to Finance Committee in Senate
  5. SenateSubstituted in Senate by SS 2 for SB 19
  6. SenateSS 2 for SB 19 - Reported Out of Committee (Finance) in Senate with 1 Favorable, 3 On Its Merits
  7. SenateSS 2 for SB 19 - Passed By Senate. Votes: 20 YES 1 NOT VOTING
  8. HouseSS 2 for SB 19 - Assigned to Economic Development/Banking/Insurance & Commerce Committee in House
  9. HouseSS 2 for SB 19 - Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 9 On Its Merits
  10. HouseSS 2 for SB 19 - Assigned to Appropriations Committee in House
  11. SenateSubstituted in Senate by SS 2 for SB 19
  1. HouseSS 2 for SB 19 - Reported Out of Committee (Appropriations) in House with 6 On Its Merits
  2. HouseSS 2 for SB 19 - Reported Out of Committee (Appropriations) in House with 6 On Its Merits
  3. SenateSubstituted in Senate by SS 2 for SB 19
  4. HouseSS 2 for SB 19 - - Stricken in House
  5. HouseSS 2 for SB 19 - - Passed In House by Voice Vote
  6. HouseSS 2 for SB 19 - Passed By House. Votes: 36 YES 5 ABSENT
  7. SenateSS 2 for SB 19 - Passed By Senate. Votes: 21 YES
  8. SS 2 for SB 19 - Signed by Governor

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 1 cosponsor: 1 Democrat.

All 1 cosponsor

From Delaware's official records (legis.delaware.gov), checked Nov 1, 2026. Text links go to the official versions; LegiList does not copy bill text.