Share this article
Delaware Blockchain Stock Bill Advances Ahead of Major Deadline
Delaware has moved a step closer toward enshrining recognition of blockchain-based stocks in state law.
By Stan Higgins
Updated Sep 11, 2021, 1:26 p.m. Published Jun 13, 2017, 8:15 a.m.
Delaware is one step closer to legally recognizing blockchain-based stocks.
Lawmakers in the state introduced a bill in May to make stock registries and other kinds of business records legal if they are held on a distributed ledger system or blockchain. The effort began last year as part of a bid to reduce the amount of paperwork required to form a business in Delaware, where many corporations are registered in the US.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
show that the Senate cleared the bill on 6th June, with 20 votes in favor and one abstention. The vote came a day after the body's Elections & Government Affairs cleared it for passage.
With that, the legislation now moves to the Delaware House of Representatives, with the Judiciary Committee now having to consider the measure within 12 days.
To become law, both chambers of the legislature have to finalize the bill, and Governor Jack Carney will need to sign his approval. If finalized, the bill would go into effect on 1st August – though it could face delays if work isn't signed by 30th June due to the rules by which the Delaware General Assembly operates.
Delaware state capitol image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
