Gov. Meyer Signs Banking Modernization Package to Strengthen Delaware's Leadership in Financial Services - State of Delaware News

Gov. Meyer Signs Banking Modernization Package to Strengthen Delaware's Leadership in Financial Services - State of Delaware News Categories Archives Weather Info Subscribe Connect State Agencies Social Media Mobile Apps Topics Delaware News Menu Search This Site NEWS FEED OHS, Law Enforcement Partners Announce July DUI Checkpoint Date Posted: July 7, 2026 Gov. Meyer Signs Banking Modernization Package to Strengthen Delaware’s Leadership in Financial Services Date Posted: July 7, 2026 Newly Launched Initiative Strengthens Delaware’s Health Information Technology Infrastructure Date Posted: July 6, 2026 Laurel Fire Date Posted: July 5, 2026 4 Alarm Fire Under Investigation in Wilmington Date Posted: July 2, 2026 DOJ secures life sentence in brutal murder case Date Posted: July 2, 2026 Capitol Police, Blood Bank of Delmarva to Host Blood Drive on July 8 Date Posted: July 2, 2026 DSBF: Trotters set field for $110,000 final Date Posted: July 2, 2026 State Auditor Lydia York Releases State Budget Trend Tracker Date Posted: July 2, 2026 Attorney General Jennings announces two major victories striking down executive orders on elections Date Posted: July 2, 2026 Smyrna House Fire Under Investigation Date Posted: July 1, 2026 The NWS Issues Extreme Heat Warning Advisory for All of Delaware Date Posted: July 1, 2026 Travel Safe, Travel Sober this 4th of July Weekend Date Posted: July 1, 2026 Delaware’s 153rd General Assembly Advances DHSS Priorities to Lower Costs, Strengthen Care Workforce Date Posted: July 1, 2026 People with Disabilities Fought for Their Freedom: Threats to Olmstead Date Posted: July 1, 2026 Lovers Cay, Warren’s Charm score DSBF wins Date Posted: July 1, 2026 State announces free and reduced-price meals policy for 2026-27 academic year Date Posted: July 1, 2026 Gov. Meyer Signs FY2027 Budget Investing in Education, Affordability, and Opportunity Date Posted: June 30, 2026 Delaware students earn national STEM recognition through Career and Technical Education Date Posted: June 30, 2026 Delaware students earn national recognition while building the future of healthcare Date Posted: June 30, 2026 Delaware students help build the future of Delaware’s educator workforce Date Posted: June 30, 2026 AG Jennings announces victory at Supreme Court on birthright citizenship Date Posted: June 30, 2026 Delaware on Main Street Program Grows as 17 Communities Earn National Designations Date Posted: June 30, 2026 DSBF: C Millertimeagain triumphs at Harrington Date Posted: June 30, 2026 Delaware State Fire Marshal Urges Fireworks Caution Ahead of America’s 250TH Anniversary Date Posted: June 30, 2026 DHSS Makes Cooling Centers Available During Extreme Heat Date Posted: June 29, 2026 Gov. Meyer Calls Upon Delaware Public Service Commission to Suspend Delmarva Rate Hike Date Posted: June 29, 2026 DSHA, American Heart Association to provide blood pressure monitoring devices in public housing communities Date Posted: June 29, 2026 2026/27 Delaware Hunting and Trapping Guide Now Available Date Posted: June 29, 2026 Dozens of Incarcerated Students Earn High School Diplomas as Academic Year Closes Date Posted: June 26, 2026 Delaware grows future teachers from within its schools and communities Date Posted: June 26, 2026 Newark Fire Date Posted: June 25, 2026 DOJ secures 59-year sentence for Wilmington man who caused fatal collision that claimed two lives, injured four others Date Posted: June 25, 2026 DOJ announces sentence for final Exit 4 member associated with four-year crime spree Date Posted: June 25, 2026 National Grant Initiative Invests in Delaware’s Indigenous and Cuban Cultural Traditions Date Posted: June 25, 2026 Delaware student delegation excels at SkillsUSA national conference Date Posted: June 25, 2026 Delaware and Wilmington Named Among Nation’s Most Arts-Vibrant by SMU DataArts Date Posted: June 25, 2026 Trotters featured in DSBF divisions at Harrington Raceway Date Posted: June 25, 2026 Statement from AG Jennings on Delaware House’s failure to pass SB 100 Date Posted: June 24, 2026 Warrens Charm heads DSBF filly races at Harrington Date Posted: June 24, 2026 Dover Woman Charged in Unlicensed Wine Operation Date Posted: June 24, 2026 DNREC Asks Public to Report Sightings of Wild Turkeys During Annual Survey Date Posted: June 24, 2026 Governor Meyer Announces Accelerated Community Solar Projects Date Posted: June 23, 2026 Emergency Sirens Test On July 7, 2026 Date Posted: June 23, 2026 Office of Women’s Advancement & Advocacy & Delaware Women’s Commission Announce 2026 She’s on Her Way Award Recipients Date Posted: June 23, 2026 DSBF 3-year-old stakes top Monday Harrington Card Date Posted: June 23, 2026 DOJ indicts suspected Wilmington Hospital shooter on multiple felony charges Date Posted: June 22, 2026 June 22-28 is Delaware Pollinator Week Date Posted: June 22, 2026 Military Families Can Visit Select Museums for Free this Summer as part of Blue Star Museums Date Posted: June 22, 2026 Delaware State Parks Kicks Off Virtual 5K Fundraiser to Celebrate 75th Anniversary Date Posted: June 22, 2026 Visit Delaware and 1440 Film Co. Win Telly Award for “Back of House” Video Series Date Posted: June 18, 2026 ADVISORY: State Leaders to Host Press Conference Launching Legislative Hall Period Product Drive Date Posted: June 18, 2026 DNREC Opens New Delaware Environmental Laboratory in Smyrna Date Posted: June 18, 2026 Delaware SUN Bucks Available in June to Help Families Feed Children this Summer Date Posted: June 17, 2026 The Bank of Delaware Building Listed in the National Register of Historic Places Date Posted: June 17, 2026 DNREC Offers Expanded Assistance for Farmers Due to Significantly Increased Reports of Deer Damage Date Posted: June 17, 2026 AG Jennings secures final victory over Trump Administration’s ban on offshore wind permitting Date Posted: June 16, 2026 Governor Meyer Calls for Immediate Action to Protect Delaware Ratepayers and Hold Utilities Accountable Date Posted: June 16, 2026 TEDI Surpasses 500,000 Trees Planted Date Posted: June 16, 2026 Smyrna Man Charged After 19 Dogs Rescued from Inhumane Living Conditions Date Posted: June 15, 2026 Delaware City DMV Delayed Opening June 17, 2026 Date Posted: June 12, 2026 Governor Meyer and DSHA Announce Major Step Forward for Hope Center Expansion in Kent County Date Posted: June 11, 2026 DNREC Indian River Dredging Project Near Millsboro to Improve Boater Navigation, Restore Tidal Wetlands Date Posted: June 11, 2026 Delaware Brownfield Conference, Hosted by DNREC, to be Held Aug. 20 in Wilmington Date Posted: June 10, 2026 DHSS Activates Cooling Centers to Provide Relief from the Heat Date Posted: June 10, 2026 DHSS Urges SNAP Clients to Take Action to Protect EBT Benefits from Theft Date Posted: June 9, 2026 The Child Protection Accountability Commission Releases its Quarterly Report on Child Abuse Deaths and Near Deaths Date Posted: June 9, 2026 AG Jennings defeats Koch billionaire-backed effort to upend Delaware’s election transparency laws Date Posted: June 9, 2026 DOJ secures lengthy prison sentence in stalking case Date Posted: June 9, 2026 Delaware’s statewide literacy strategy earns national recognition for strengthening teacher preparation Date Posted: June 9, 2026 DOJ secures multiple convictions including Murder First in fatal Newark pedestrian collision Date Posted: June 8, 2026 DOJ indicts suspended Delmar officer on multiple counts of Official Misconduct, Unlawful Sexual Contact Date Posted: June 8, 2026 Gabriel Alfaro Reels in 10.1 Pounds of Fish to Win 40th Annual Delaware Youth Fishing Tournament Date Posted: June 8, 2026 DOJ obtains 22-year prison sentence for habitual fentanyl dealer Date Posted: June 8, 2026 Delaware Department of Human Resources Hosts Third Statewide Career Fair of 2026 Date Posted: June 8, 2026 Delaware Public Archives Kicks Off Summer Spotlighting Delaware Beach Memories in New Digital Exhibit Date Posted: June 8, 2026 Delaware Division of the Arts Earns 20 Awards at 2026 Delaware Press Association Communications Contest Date Posted: June 5, 2026 Capitol Police Investigating Death in Woods Behind Dover DMV Date Posted: June 4, 2026 DPH Hosts Fourth Annual Advancing Healthy Lifestyles Conference Date Posted: June 4, 2026 Delaware’s Largest Class of 27 Individual Artist Fellows Headlines “Award Winners XXVI” Date Posted: June 4, 2026 Governor Meyer Declares Statewide Drought Watch Date Posted: June 3, 2026 DOJ secures major prison time for three Exit 4 members involved in the murder of Carrie Mondell and Khalil Ameer-Bey Date Posted: June 2, 2026 Delaware honors 40 students at 2nd annual Future in the Arts celebration Date Posted: June 2, 2026 State and Thomas Jefferson University Partner to Establish Delaware’s First Medical School Date Posted: June 2, 2026 Mezzanine Gallery presents Milton Downing’s A Good Tree Date Posted: June 2, 2026 Governor Meyer Announces 64,000 Cases Cleared in Clean Slate Automation Date Posted: June 1, 2026 Join us at the Archives for June’s First Saturday Program: Not Today, PA! Date Posted: June 1, 2026 Delaware Leaders Respond to Third Circuit’s Order that the State Comply with Immigration Subpoena Date Posted: May 29, 2026 28 Delaware Organizations Receive Grants to Improve Food Access Date Posted: May 29, 2026 AG Jennings celebrates win for clean energy in Delaware Date Posted: May 28, 2026 DMV on the Go Scheduled Maintenance Date Posted: May 26, 2026 HCA Celebrates Separation Day & 250/Hamilton Film, NC Green, June 26 Date Posted: May 26, 2026 Delaware business students earn national titles and top finishes Date Posted: May 26, 2026 Disaster Housing Recovery and Resiliency Planning Workshops for Delaware Municipalities Date Posted: May 26, 2026 Governor Meyer Orders Flags Flown at Half Staff for Memorial Day Date Posted: May 24, 2026 Memorial Day Ceremonial Events Date Posted: May 22, 2026 DNREC Debuts New Larger Pool at Killens Pond Waterpark Date Posted: May 22, 2026 DOJ secures convictions for two Exit 4 gang members in the murder of Latahesia Hill and Carrie Mondell Date Posted: May 21, 2026 Statement from AG Jennings on Trump’s payout to January 6th insurrectionists Date Posted: May 21, 2026 DOJ secures life sentence for Claymont drug murder Date Posted: May 21, 2026 NEWS FEED OHS, Law Enforcement Partners Announce July DUI Checkpoint Date Posted: July 7, 2026 Gov. Meyer Signs Banking Modernization Package to Strengthen Delaware’s Leadership in Financial Services Date Posted: July 7, 2026 Newly Launched Initiative Strengthens Delaware’s Health Information Technology Infrastructure Date Posted: July 6, 2026 Laurel Fire Date Posted: July 5, 2026 4 Alarm Fire Under Investigation in Wilmington Date Posted: July 2, 2026 DOJ secures life sentence in brutal murder case Date Posted: July 2, 2026 Capitol Police, Blood Bank of Delmarva to Host Blood Drive on July 8 Date Posted: July 2, 2026 DSBF: Trotters set field for $110,000 final Date Posted: July 2, 2026 State Auditor Lydia York Releases State Budget Trend Tracker Date Posted: July 2, 2026 Attorney General Jennings announces two major victories striking down executive orders on elections Date Posted: July 2, 2026 Smyrna House Fire Under Investigation Date Posted: July 1, 2026 The NWS Issues Extreme Heat Warning Advisory for All of Delaware Date Posted: July 1, 2026 Travel Safe, Travel Sober this 4th of July Weekend Date Posted: July 1, 2026 Delaware’s 153rd General Assembly Advances DHSS Priorities to Lower Costs, Strengthen Care Workforce Date Posted: July 1, 2026 People with Disabilities Fought for Their Freedom: Threats to Olmstead Date Posted: July 1, 2026 Lovers Cay, Warren’s Charm score DSBF wins Date Posted: July 1, 2026 State announces free and reduced-price meals policy for 2026-27 academic year Date Posted: July 1, 2026 Gov. Meyer Signs FY2027 Budget Investing in Education, Affordability, and Opportunity Date Posted: June 30, 2026 Delaware students earn national STEM recognition through Career and Technical Education Date Posted: June 30, 2026 Delaware students earn national recognition while building the future of healthcare Date Posted: June 30, 2026 Delaware students help build the future of Delaware’s educator workforce Date Posted: June 30, 2026 AG Jennings announces victory at Supreme Court on birthright citizenship Date Posted: June 30, 2026 Delaware on Main Street Program Grows as 17 Communities Earn National Designations Date Posted: June 30, 2026 DSBF: C Millertimeagain triumphs at Harrington Date Posted: June 30, 2026 Delaware State Fire Marshal Urges Fireworks Caution Ahead of America’s 250TH Anniversary Date Posted: June 30, 2026 DHSS Makes Cooling Centers Available During Extreme Heat Date Posted: June 29, 2026 Gov. Meyer Calls Upon Delaware Public Service Commission to Suspend Delmarva Rate Hike Date Posted: June 29, 2026 DSHA, American Heart Association to provide blood pressure monitoring devices in public housing communities Date Posted: June 29, 2026 2026/27 Delaware Hunting and Trapping Guide Now Available Date Posted: June 29, 2026 Dozens of Incarcerated Students Earn High School Diplomas as Academic Year Closes Date Posted: June 26, 2026 Delaware grows future teachers from within its schools and communities Date Posted: June 26, 2026 Newark Fire Date Posted: June 25, 2026 DOJ secures 59-year sentence for Wilmington man who caused fatal collision that claimed two lives, injured four others Date Posted: June 25, 2026 DOJ announces sentence for final Exit 4 member associated with four-year crime spree Date Posted: June 25, 2026 National Grant Initiative Invests in Delaware’s Indigenous and Cuban Cultural Traditions Date Posted: June 25, 2026 Delaware student delegation excels at SkillsUSA national conference Date Posted: June 25, 2026 Delaware and Wilmington Named Among Nation’s Most Arts-Vibrant by SMU DataArts Date Posted: June 25, 2026 Trotters featured in DSBF divisions at Harrington Raceway Date Posted: June 25, 2026 Statement from AG Jennings on Delaware House’s failure to pass SB 100 Date Posted: June 24, 2026 Warrens Charm heads DSBF filly races at Harrington Date Posted: June 24, 2026 Dover Woman Charged in Unlicensed Wine Operation Date Posted: June 24, 2026 DNREC Asks Public to Report Sightings of Wild Turkeys During Annual Survey Date Posted: June 24, 2026 Governor Meyer Announces Accelerated Community Solar Projects Date Posted: June 23, 2026 Emergency Sirens Test On July 7, 2026 Date Posted: June 23, 2026 Office of Women’s Advancement & Advocacy & Delaware Women’s Commission Announce 2026 She’s on Her Way Award Recipients Date Posted: June 23, 2026 DSBF 3-year-old stakes top Monday Harrington Card Date Posted: June 23, 2026 DOJ indicts suspected Wilmington Hospital shooter on multiple felony charges Date Posted: June 22, 2026 June 22-28 is Delaware Pollinator Week Date Posted: June 22, 2026 Military Families Can Visit Select Museums for Free this Summer as part of Blue Star Museums Date Posted: June 22, 2026 Delaware State Parks Kicks Off Virtual 5K Fundraiser to Celebrate 75th Anniversary Date Posted: June 22, 2026 Visit Delaware and 1440 Film Co. Win Telly Award for “Back of House” Video Series Date Posted: June 18, 2026 ADVISORY: State Leaders to Host Press Conference Launching Legislative Hall Period Product Drive Date Posted: June 18, 2026 DNREC Opens New Delaware Environmental Laboratory in Smyrna Date Posted: June 18, 2026 Delaware SUN Bucks Available in June to Help Families Feed Children this Summer Date Posted: June 17, 2026 The Bank of Delaware Building Listed in the National Register of Historic Places Date Posted: June 17, 2026 DNREC Offers Expanded Assistance for Farmers Due to Significantly Increased Reports of Deer Damage Date Posted: June 17, 2026 AG Jennings secures final victory over Trump Administration’s ban on offshore wind permitting Date Posted: June 16, 2026 Governor Meyer Calls for Immediate Action to Protect Delaware Ratepayers and Hold Utilities Accountable Date Posted: June 16, 2026 TEDI Surpasses 500,000 Trees Planted Date Posted: June 16, 2026 Smyrna Man Charged After 19 Dogs Rescued from Inhumane Living Conditions Date Posted: June 15, 2026 Delaware City DMV Delayed Opening June 17, 2026 Date Posted: June 12, 2026 Governor Meyer and DSHA Announce Major Step Forward for Hope Center Expansion in Kent County Date Posted: June 11, 2026 DNREC Indian River Dredging Project Near Millsboro to Improve Boater Navigation, Restore Tidal Wetlands Date Posted: June 11, 2026 Delaware Brownfield Conference, Hosted by DNREC, to be Held Aug. 20 in Wilmington Date Posted: June 10, 2026 DHSS Activates Cooling Centers to Provide Relief from the Heat Date Posted: June 10, 2026 DHSS Urges SNAP Clients to Take Action to Protect EBT Benefits from Theft Date Posted: June 9, 2026 The Child Protection Accountability Commission Releases its Quarterly Report on Child Abuse Deaths and Near Deaths Date Posted: June 9, 2026 AG Jennings defeats Koch billionaire-backed effort to upend Delaware’s election transparency laws Date Posted: June 9, 2026 DOJ secures lengthy prison sentence in stalking case Date Posted: June 9, 2026 Delaware’s statewide literacy strategy earns national recognition for strengthening teacher preparation Date Posted: June 9, 2026 DOJ secures multiple convictions including Murder First in fatal Newark pedestrian collision Date Posted: June 8, 2026 DOJ indicts suspended Delmar officer on multiple counts of Official Misconduct, Unlawful Sexual Contact Date Posted: June 8, 2026 Gabriel Alfaro Reels in 10.1 Pounds of Fish to Win 40th Annual Delaware Youth Fishing Tournament Date Posted: June 8, 2026 DOJ obtains 22-year prison sentence for habitual fentanyl dealer Date Posted: June 8, 2026 Delaware Department of Human Resources Hosts Third Statewide Career Fair of 2026 Date Posted: June 8, 2026 Delaware Public Archives Kicks Off Summer Spotlighting Delaware Beach Memories in New Digital Exhibit Date Posted: June 8, 2026 Delaware Division of the Arts Earns 20 Awards at 2026 Delaware Press Association Communications Contest Date Posted: June 5, 2026 Capitol Police Investigating Death in Woods Behind Dover DMV Date Posted: June 4, 2026 DPH Hosts Fourth Annual Advancing Healthy Lifestyles Conference Date Posted: June 4, 2026 Delaware’s Largest Class of 27 Individual Artist Fellows Headlines “Award Winners XXVI” Date Posted: June 4, 2026 Governor Meyer Declares Statewide Drought Watch Date Posted: June 3, 2026 DOJ secures major prison time for three Exit 4 members involved in the murder of Carrie Mondell and Khalil Ameer-Bey Date Posted: June 2, 2026 Delaware honors 40 students at 2nd annual Future in the Arts celebration Date Posted: June 2, 2026 State and Thomas Jefferson University Partner to Establish Delaware’s First Medical School Date Posted: June 2, 2026 Mezzanine Gallery presents Milton Downing’s A Good Tree Date Posted: June 2, 2026 Governor Meyer Announces 64,000 Cases Cleared in Clean Slate Automation Date Posted: June 1, 2026 Join us at the Archives for June’s First Saturday Program: Not Today, PA! Date Posted: June 1, 2026 Delaware Leaders Respond to Third Circuit’s Order that the State Comply with Immigration Subpoena Date Posted: May 29, 2026 28 Delaware Organizations Receive Grants to Improve Food Access Date Posted: May 29, 2026 AG Jennings celebrates win for clean energy in Delaware Date Posted: May 28, 2026 DMV on the Go Scheduled Maintenance Date Posted: May 26, 2026 HCA Celebrates Separation Day & 250/Hamilton Film, NC Green, June 26 Date Posted: May 26, 2026 Delaware business students earn national titles and top finishes Date Posted: May 26, 2026 Disaster Housing Recovery and Resiliency Planning Workshops for Delaware Municipalities Date Posted: May 26, 2026 Governor Meyer Orders Flags Flown at Half Staff for Memorial Day Date Posted: May 24, 2026 Memorial Day Ceremonial Events Date Posted: May 22, 2026 DNREC Debuts New Larger Pool at Killens Pond Waterpark Date Posted: May 22, 2026 DOJ secures convictions for two Exit 4 gang members in the murder of Latahesia Hill and Carrie Mondell Date Posted: May 21, 2026 Statement from AG Jennings on Trump’s payout to January 6th insurrectionists Date Posted: May 21, 2026 DOJ secures life sentence for Claymont drug murder Date Posted: May 21, 2026 Delaware News Flag Status - FULL STAFF Listen Governor Matt Meyer has signed a package of legislation modernizing Delaware’s banking laws, marking the state’s most significant update to its financial regulatory framework in more than 40 years and positioning Delaware to lead the next generation of financial innovation. Sponsored by Senator Spiros Mantzavinos and Representative Bill Bush, Senate Bills 16, 18 and 19 update Delaware’s banking code to reflect the evolving financial services industry while establishing strong consumer protections for digital assets, virtual currency and stablecoins. “Delaware didn’t become the financial capital of America by standing still,” said Gov. Matt Meyer . “More than 40 years ago, our state set the national standard for banking innovation. Today, we’re doing it again by creating a modern framework that welcomes new financial technologies, protects consumers and ensures Delaware remains the premier place to innovate, invest, and succeed in financial services.” “Today is an important day for Delaware, as Governor Meyer signs three bills modernizing our financial sector here in the First State. Our financial ecosystem continues to evolve with new technologies, new payment systems, and new ways for consumers and businesses to access financial services. Delaware has always recognized that thoughtful, responsible updates to our laws help ensure we remain competitive while maintaining strong consumer protections,” said Sen. Spiros Mantzavinos, chair of the Senate Banking, Business, Insurance & Technology Committee . “I’m proud to have worked with State Bank Commissioner Lisa Collison and her office, other members of Governor Meyer’s Administration, and banking and fintech leaders to develop this slate of legislation that not only modernizes Delaware’s banking laws but implements meaningful guardrails for consumers and companies alike in our ever-changing digital world.” The legislation builds on Delaware’s legacy as the nation’s premier financial services jurisdiction while preparing the state to compete in emerging sectors including financial technology, digital assets and digital payments. Senate Bill 16 , the Delaware Banking Modernization Act of 2026 , updates Delaware’s banking code to recognize digital assets and virtual currency, modernizes bank governance and interstate banking laws, and strengthens the regulatory authority of the Office of the State Bank Commissioner. Senate Bill 18 , the Delaware Money Transmission and Virtual Currency Modernization Act , creates a comprehensive licensing and supervisory framework for money transmitters and virtual currency businesses. The legislation establishes financial safeguards, licensing standards and consumer protection requirements designed to encourage innovation while maintaining strong regulatory oversight. Senate Bill 19 , the Delaware Payment Stablecoins Act , establishes one of the nation’s first state regulatory frameworks aligned with the federal GENIUS Act (Guaranteeing Essentials National Infrastructure in U.S. Stablecoins Act). The legislation authorizes Delaware to charter and supervise payment stablecoin issuers while requiring one-to-one reserve backing, monthly public attestations, anti-money laundering compliance and strong consumer protections. Together, the three measures reinforce Delaware’s reputation as a national leader in banking and corporate law while creating a clear regulatory framework for the financial technologies shaping the future of commerce. The package is designed to attract new investment, support high-quality jobs and ensure Delaware remains competitive as financial institutions and technology companies decide where to locate and grow. The legislation pairs innovation with strong regulatory guardrails, ensuring consumer protection remains central to Delaware’s approach. The governor signed the legislation during a ceremony at the Carvel State Office Building joined by Sen. Mantzavinos, State Bank Commissioner Lisa Collison, and representatives from the Delaware Bankers Association, Delaware Credit Union Association, American Fintech Council, Barclays, and other financial services organizations. Print Keep up to date by receiving a daily digest email, around noon, of current news release posts from state agencies on news.delaware.gov. Here you can subscribe to future news updates. Listen Governor Matt Meyer has signed a package of legislation modernizing Delaware’s banking laws, marking the state’s most significant update to its financial regulatory framework in more than 40 years and positioning Delaware to lead the next generation of financial innovation. Sponsored by Senator Spiros Mantzavinos and Representative Bill Bush, Senate Bills 16, 18 and 19 update Delaware’s banking code to reflect the evolving financial services industry while establishing strong consumer protections for digital assets, virtual currency and stablecoins. “Delaware didn’t become the financial capital of America by standing still,” said Gov. Matt Meyer . “More than 40 years ago, our state set the national standard for banking innovation. Today, we’re doing it again by creating a modern framework that welcomes new financial technologies, protects consumers and ensures Delaware remains the premier place to innovate, invest, and succeed in financial services.” “Today is an important day for Delaware, as Governor Meyer signs three bills modernizing our financial sector here in the First State. Our financial ecosystem continues to evolve with new technologies, new payment systems, and new ways for consumers and businesses to access financial services. Delaware has always recognized that thoughtful, responsible updates to our laws help ensure we remain competitive while maintaining strong consumer protections,” said Sen. Spiros Mantzavinos, chair of the Senate Banking, Business, Insurance & Technology Committee . “I’m proud to have worked with State Bank Commissioner Lisa Collison and her office, other members of Governor Meyer’s Administration, and banking and fintech leaders to develop this slate of legislation that not only modernizes Delaware’s banking laws but implements meaningful guardrails for consumers and companies alike in our ever-changing digital world.” The legislation builds on Delaware’s legacy as the nation’s premier financial services jurisdiction while preparing the state to compete in emerging sectors including financial technology, digital assets and digital payments. Senate Bill 16 , the Delaware Banking Modernization Act of 2026 , updates Delaware’s banking code to recognize digital assets and virtual currency, modernizes bank governance and interstate banking laws, and strengthens the regulatory authority of the Office of the State Bank Commissioner. Senate Bill 18 , the Delaware Money Transmission and Virtual Currency Modernization Act , creates a comprehensive licensing and supervisory framework for money transmitters and virtual currency businesses. The legislation establishes financial safeguards, licensing standards and consumer protection requirements designed to encourage innovation while maintaining strong regulatory oversight. Senate Bill 19 , the Delaware Payment Stablecoins Act , establishes one of the nation’s first state regulatory frameworks aligned with the federal GENIUS Act (Guaranteeing Essentials National Infrastructure in U.S. Stablecoins Act). The legislation authorizes Delaware to charter and supervise payment stablecoin issuers while requiring one-to-one reserve backing, monthly public attestations, anti-money laundering compliance and strong consumer protections. Together, the three measures reinforce Delaware’s reputation as a national leader in banking and corporate law while creating a clear regulatory framework for the financial technologies shaping the future of commerce. The package is designed to attract new investment, support high-quality jobs and ensure Delaware remains competitive as financial institutions and technology companies decide where to locate and grow. The legislation pairs innovation with strong regulatory guardrails, ensuring consumer protection remains central to Delaware’s approach. The governor signed the legislation during a ceremony at the Carvel State Office Building joined by Sen. Mantzavinos, State Bank Commissioner Lisa Collison, and representatives from the Delaware Bankers Association, Delaware Credit Union Association, American Fintech Council, Barclays, and other financial services organizations. Print Keep up to date by receiving a daily digest email, around noon, of current news release posts from state agencies on news.delaware.gov. Here you can subscribe to future news updates. 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