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Bill

SB 19

AN ACT TO AMEND TITLE 5 OF THE DELAWARE CODE RELATING TO STABLECOINS.

153rd General Assembly (2025-2026) Introduced by Bill Bush and 5 co-sponsors

Delaware establishes regulatory requirements for stablecoin issuers to address reserve standards, consumer protections, and disclosure rules for cryptocurrency tokens pegged to stable assets.

Signed by Governor
0
WeVote Research Nonpartisan
Bill Summary · SB 19

Legislative bill overview

SB 19 amends Delaware's Title 5 code to establish regulatory framework for stablecoins—cryptocurrency tokens designed to maintain a fixed value, typically pegged to the U.S. dollar or other assets. The bill creates requirements for stablecoin issuers operating in Delaware, likely addressing reserve requirements, disclosure standards, and regulatory oversight to protect consumers and financial stability.

Why is this important

Delaware hosts significant financial and corporate infrastructure, making its cryptocurrency regulations influential nationwide. Stablecoins are increasingly used for payments and financial transactions, so establishing clear rules affects both consumer protection and the state's competitiveness in the digital finance sector. This legislation addresses a regulatory gap that has allowed stablecoin growth with minimal oversight.

Potential points of contention

  • Consumer protection vs. innovation: Strict requirements may increase compliance costs for issuers, potentially limiting competition and higher fees for users, versus inadequate safeguards that expose consumers to issuer insolvency or fraud
  • Reserve and redemption standards: Disagreement over what constitutes adequate backing for stablecoins and whether reserves must be fully liquid cash or can include other assets
  • Federal vs. state authority: Questions about whether Delaware should regulate stablecoins when federal agencies (SEC, CFTC, Federal Reserve) are still developing national frameworks, creating potential conflicts or regulatory arbitrage

Compiled from official sources — confirm details with the bill’s official record.

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