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Banking Law Modernization Bills in DE

June 25, 2026 (1 min read)

Banking Law Updates Nearing Enactment in DE

A package of bills (SB 16, SB 18 and SB 19) modernizing Delaware’s banking laws is nearing enactment in the First State. Introduced by Sen. Spiros Mantzavinos (D) in March with the support of Gov. Matt Meyer (D), the legislative package is considered to be the first significant change to the state’s banking laws since the 1981 Financial Center Development Act. Among other things, the new legislation would create definitions in the Delaware Code for “digital asset” and “virtual currency”; make Delaware law applicable to money transmitters, such as PayPal, and crypto businesses; and establish a licensing framework for stablecoin issuers and digital asset service providers. SB 16 is eligible for gubernatorial action, while SB 18 and SB 19 are awaiting Senate concurrence with amendments made in the House. (DELAWARE PUBLIC MEDIA, LEXISNEXIS STATE NET)

—Compiled by SNCJ Managing Editor KOREY CLARK

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