Posts Tagged ‘Senate Bill 19’
Governor Meyer Signs Package of Banking Modernization Bills
Governor Matt Meyer has signed legislation today that modernizes Delaware’s banking laws. Senate Bills 16,18 and 19 update the state’s banking code to reflect the evolving financial services industry while establishing consumer protections for digital assets, virtual currency and stablecoins. The Governor says this modern framework welcomes new financial technologies, protects consumers and ensure Delaware…
Read MoreDelaware Senate Passes Banking Modernization Legislation
With strong bipartisan support, two bills aimed at modernizing Delaware’s banking laws have passed the Senate. SB 16 updates state code by defining digital assets, expanding the State Bank Commissioner’s authority, and modernizing requirements for banks and trust companies, while also addressing interstate operations and fiduciary roles. A substitute bill adds a two-thirds vote requirement…
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