SB 18 DE

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Became Law

This Act repeals the existing Chapter 23 of Title 5 and replaces it with the “Delaware Money Transmission and Virtual Currency Modernization Act.” This Act modernizes the State’s regulatory framework for money transmission and addresses the emergence of virtual currency. The Act allows the State Bank Commissioner to coordinate with other states in the licensing and supervision of money transmitters, utilizing the NMLS system. The Act establishes new safety and soundness standards, including a tiered net worth requirement based on total assets and updates surety bond requirements scaled to a licensee’s average daily money transmission liability. The Act standardizes receipt requirements for both fiat and virtual currency transactions, provides a 10-day refund window for certain transmissions, and establishes specific disclosure rules for payroll processing services. This Act provides a 6-month window for general compliance and a 1-year period for licensees to meet new net worth and permissible investment standards. This Act creates new regulatory framework for virtual currency business activity. It defines virtual currency and virtual currency business activity. It mandates specific consumer disclosures regarding the risks of virtual currency and establishes that virtual currency held by a licensee is a pro rata property interest not subject to the claims of the licensee’s creditors. The Act allows the Commissioner to adopt rules and regulations for the administration of this chapter. The Act is to be implemented the earlier of 1 year from the date of the Act’s enactment or notice from the State Banking Commissioner that final regulations have been promulgated. This Act requires a greater than majority vote for passage because § 1 of Article IX of the Delaware Constitution requires the affirmative vote of two-thirds of the members elected to each house of the General Assembly to amend the general corporation law.

• Spiros Mantzavinos Democratic · primary
• Brian Pettyjohn Republican · primary
• William Bush Democratic · primary
• Bryan Townsend Democratic · primary
• Kerri Evelyn Harris Democratic · primary

1. Apr 16, 2026 Introduced and Assigned to Banking, Business, Insurance & Technology Committee in Senate · upper
2. Apr 22, 2026 Reported Out of Committee (Banking, Business, Insurance & Technology) in Senate with 2 Favorable, 4 On Its Merits · upper
3. May 4, 2026 Amendment SA 1 to SB 18 - Introduced and Placed With Bill · upper
4. May 5, 2026 Amendment SA 1 to SB 18 - Passed By Senate. Votes: 21 YES · upper
5. May 5, 2026 Passed By Senate. Votes: 20 YES 1 NOT VOTING · upper
6. May 6, 2026 Assigned to Economic Development/Banking/Insurance & Commerce Committee in House · lower
7. May 13, 2026 Not Worked in Committee · upper
8. May 19, 2026 Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 9 On Its Merits · lower
9. Jun 4, 2026 Amendment HA 1 to SB 18 - Introduced and Placed With Bill · upper
10. Jun 18, 2026 Amendment HA 2 to SB 18 - Introduced and Placed With Bill · upper
11. Jun 18, 2026 Amendment HA 1 to SB 18 - Stricken in House · lower
12. Jun 18, 2026 Amendment HA 2 to SB 18 - Passed In House by Voice Vote · lower
13. Jun 18, 2026 Passed By House. Votes: 38 YES 3 ABSENT · lower
14. Jun 24, 2026 Passed By Senate. Votes: 21 YES · upper
15. Jul 6, 2026 Signed by Governor · executive