Delaware Introduces Bipartisan Stablecoin Banking Bill With Monthly Audit Requirements

Delaware introduced bipartisan SB 19 establishing stablecoin banking rules with 1:1 reserve requirements, monthly audits, and AML/KYC compliance.

Delaware Introduces Bipartisan Stablecoin Banking Bill With Monthly Audit Requirements Delaware introduced bipartisan SB 19 establishing stablecoin banking rules with 1:1 reserve requirements, monthly audits, and AML/KYC compliance. Aaron Rafferty March 28, 2026 Key Takeaways: Delaware introduced SB 19, a bipartisan stablecoin banking bill requiring 1:1 reserve backing, monthly audits, and full AML/KYC compliance for stablecoin issuers. The bill establishes state-level banking rules for stablecoins, running parallel to the federal GENIUS Act framework signed into law in 2025. Delaware's move signals that states are building their own stablecoin regulatory infrastructure rather than waiting for federal market structure legislation. Delaware, the state that has dominated American corporate law for a century, is now writing rules for stablecoins. Senate Bill 19, introduced with bipartisan support, establishes a state banking framework for stablecoin issuance. The requirements are specific: 1:1 reserve backing, monthly audits of those reserves, and full Anti-Money Laundering and Know Your Customer compliance. Stablecoin issuers operating under Delaware law would meet a regulatory standard that exceeds what most currently face. The federal GENIUS Act, signed in July 2025, set baseline requirements for payment stablecoins at the national level. But the CLARITY Act, which would establish broader digital asset market structure rules including how stablecoins interact with lending and yield products, remains stalled in the Senate. States are not waiting. Delaware's bill matters because of what Delaware is. More than 60% of Fortune 500 companies are incorporated there. Its Court of Chancery has shaped American business law for decades. When Delaware writes rules for a fin