An Act To Amend Title 5 Of The Delaware Code Relating To Stablecoins.

Summary

This Delaware bill establishes a licensing and regulatory framework for payment stablecoin issuers and digital asset service providers operating in the state, aligning with the federal GENIUS Act enacted in 2025. The bill requires the State Bank Commissioner to oversee compliance with reserve requirements, capital standards, anti-money laundering rules, and consumer protections for stablecoin operations. The law defines key terms related to digital assets, control mechanisms, and service providers while preempting inconsistent local regulations to create a unified regulatory environment.