Delaware Moves to Regulate Stablecoin Under State Banking
The post Delaware Moves to Regulate Stablecoin Under State Banking appeared on BitcoinEthereumNews.com.
Delaware has introduced Senate Bill 19 (SB 19), legislation that would bring stablecoin issuers under the state’s existing banking supervisory framework and position the state as a certified regulatory jurisdiction under the federal Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), enacted in July 2025. Spiros Mantzavinos and Rep. Bill Bush following direct consultation with Delaware’s financial sector, the bill creates a formal licensing pathway for payment stablecoin issuers operating below the $10 billion consolidated issuance threshold established by federal law. The implications extend well beyond Dover, Delaware’s move sets the terms for how state-level regulation can coexist with, and potentially substitute for, federal oversight of digital currency issuance. The timing is not incidental. The GENIUS Act requires all state regulators seeking certification to promulgate implementation rules by July 18, 2026, leaving Delaware roughly four months from introduction to finalize a framework capable of surviving federal scrutiny. SB 19 is being positioned as precisely that compliance vehicle. 🚨NEW: DELAWARE BILL MANDATES 1:1 RESERVES FOR STABLECOIN ISSUERS Delaware has unveiled new legislation to regulate stablecoins. The bill places issuers under a state banking structure. The proposed law requires full reserve backing. Each issued stablecoin must be matched… pic.twitter.com/IaZ2AkG5ZF — BSCN (@BSCNews) March 24, 2026 EXPLORE: Hyperliquid Opens US Policy Advocacy Center SB 19’s Mechanics: Licensing, Reserves, and the Federal Certification Threshold Under SB 19, stablecoin issuers seeking to operate under Delaware’s framework would be required to obtain a license from the state’s Office of the State Bank Commissioner, the same body that supervises state-chartered banks and trust companies. The bill adopts the GENIUS Act’s definitional standards for payment stablecoins, pegged digital instruments designed for use as means of payment, and imposes reserve requirements aligned with the federal framework, mandating that issuers hold high-quality liquid assets on a one-to-one…
Filed under: News - @ March 24, 2026 2:28 pm