Golden Finance reports that on March 24, two Delaware state legislators in the United States are working on developing stablecoin regulation rules as part of a comprehensive regulatory proposal aimed at “modernizing the financial industry.”
In a statement on Monday, Delaware State Senate Democrat announced that State Senator Spiros Manthavinos and Representative Bill Bush have introduced the Delaware Banking Modernization Act (Senate Bill No. 16) and the Delaware Stablecoin Payment Act (Senate Bill No. 19).
Delaware Governor Matt Moyer stated, “This legislative package sends a clear and strong signal: in Delaware, we are promoting financial inclusion and lowering barriers to entry, making it easier for all residents to transfer, receive, and save money online.”
Delaware has always maintained a friendly and proactive attitude toward cryptocurrencies and blockchain technology. As early as 2016, former Governor Jack Markell launched the Delaware Blockchain Initiative to attract blockchain companies to the state, which also made minor regulatory adjustments to support industry development.
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