Delaware rolls out Senate Bill 19 to tighten oversight of stablecoin issuers

Delaware lawmakers have filed Senate Bill 19, a proposal that would set clear guardrails for stablecoin issuers operating in the state. The bill calls for full 1:1 reserve backing, requires monthly audits, and mandates AML/KYC compliance. It would also bar issuers from offering yield to token holders, a move aimed at bringing Delaware's framework in line with the federal GENIUS Act.