FILE - The Coinbase app icon is seen on a smartphone, Feb. 28, 2023, in Marple Township, Pa. (AP Photo/Matt Slocum, File)
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State leaders in Delaware's financial sector introduced Senate Bill 16, also known as the Delaware Banking Modernization Act, to update the state's banking system. The legislation aims to define digital assets, expand the state bank commissioner's authority, give regulators more oversight over banks, facilitate interstate banking operations, and enhance consumer protections.
The Delaware Department of Justice says that its Investor Protection Unit has issued a cease and desist to respondents linked to a cryptocurrency scam known as the "pig butchering scam."