Delaware has introduced two significant crypto bills aimed at regulating stablecoins and allowing banks to manage digital assets in fiduciary roles. The proposed Delaware Payment Stablecoin Act, or Senate Bill 19, mandates that stablecoin issuers obtain state licenses, maintain 1:1 reserve backing, and undergo monthly audits. The legislation also enforces strict Know Your Customer (KYC) and anti-money laundering (AML) compliance, aligning with federal standards like the GENIUS Act. In addition to stablecoin regulations, the bills propose enabling banks to manage crypto assets, expanding their role in digital asset services. Governor Matt Meyer emphasized the need for these reforms to adapt to evolving payment systems. The proposals come amid ongoing federal debates over crypto regulation, with Delaware aiming to provide state-level clarity. The bills must pass committee review before proceeding through the state legislature.