Delaware files SB 19 and SB 16 to regulate stablecoin issuers and bank digital-asset custody

Delaware lawmakers introduced two bills Monday aimed at licensing payment stablecoin issuers and digital asset service providers, while also letting state-chartered banks hold and administer digital assets in a fiduciary role. SB 19 would set a state licensing regime with reserve, redemption-timing, capital, AML, and data-privacy requirements, and SB 16 would modernize Delaware's banking code for the first time since 1981 by defining digital assets and treating them as personal property.