Delaware legislation · 153rd General Assembly
Delaware SB18: Delaware Money Transmission and Virtual Currency Modernization Act
Status: Signed into law, July 6, 2026
AN ACT TO AMEND TITLE 5 OF THE DELAWARE CODE RELATING TO MONEY TRANSMISSION.
What the bill says
An act to amend title 5 of the delaware code relating to money transmission.
From the introduced text, April 16, 2026:
AN ACT TO AMEND TITLE 5 OF THE DELAWARE CODE RELATING TO MONEY TRANSMISSION. Section 1. Chapter 23, Title 5 of the Delaware Code is hereby repealed in its entirety. Section 2. Amend Title 5 of the Delaware Code by making deletions as shown by strike through and insertions as shown by underling as follows and by redesignating accordingly: Chapter 23. Money Transmission and Virtual Currency Subchapter I. General Provisions § 2301. Title. This chapter may be cited as the "Delaware Money Transmission and Virtual Currency Modernization Act." § 2302. Purpose. It is the intent and purpose of the General Assembly that the provisions of this chapter accomplish the following: (1) Ensure states can coordinate in all areas of regulation, licensing, and supervision to eliminate unnecessary regulatory burden and more effectively utilize regulator resources. (2) Protect the public from financial crime. (3) Standardize the types of activities that are subject to licensing or otherwise exempt from licensing. (4) Modernize safety and soundness requirements to ensure customer funds are protected in an environment that supports innovative and competitive business practices. § 2303. Definitions. As used in this chapter: (1) "Acting in concert" means persons knowingly acting together with a common goal of jointly acquiring control of a licensee whether or not pursuant to an express agreement. (2) "Authorized delegate" means a …
Sponsors
- Spiros Mantzavinos (D, 7) · primary sponsor
- Brian Pettyjohn (R, 19)
- William Bush (D, 29)
- Jeffrey Spiegelman (R, 11)
- Kerri Harris (D, 32)
Latest actions
- : Signed by Governor
- : Passed By Senate. Votes: 21 YES
- : Passed By House. Votes: 38 YES 3 ABSENT
- : Amendment HA 2 to SB 18 - Passed In House by Voice Vote
- : Amendment HA 1 to SB 18 - Stricken in House
- : Amendment HA 2 to SB 18 - Introduced and Placed With Bill
- : Amendment HA 1 to SB 18 - Introduced and Placed With Bill
- : Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 9 On Its Merits
- : Not Worked in Committee
- : Assigned to Economic Development/Banking/Insurance & Commerce Committee in House
Votes
- Passed (3/4) (June 24, 2026): 21 yea, 0 nay, passed
- Passed (2/3) (June 18, 2026): 38 yea, 0 nay, passed
- Passed (SM) (May 5, 2026): 21 yea, 0 nay, passed
- Passed (2/3) (May 5, 2026): 20 yea, 0 nay, passed
Common questions
- What is SB18?
- SB18 is a bill in the Delaware Legislature (153rd General Assembly): Delaware Money Transmission and Virtual Currency Modernization Act.
- What does SB18 do?
- In its own words: An act to amend title 5 of the delaware code relating to money transmission.
- What is the status of SB18?
- Signed into law as of July 6, 2026. Latest action: Signed by Governor (July 6, 2026).
- Who sponsored SB18?
- Spiros Mantzavinos (D, 7), with 4 co-sponsors.
- Where is the official record for SB18?
- On the Delaware Legislature website: https://legis.delaware.gov/BillDetail?LegislationId=143117
Source: official Delaware record. Tracked by Delilah, AI for legislation across all 50 states and Congress.