Why Should Delaware Care?
Delaware’s governor and his allies in the legislature unveiled a proposal to adopt a new set of banking reforms. The legislation places Delaware in a race with other states to attract a burgeoning, and potentially fast-growing, industry. Still unclear is whether it could thrust Delaware and its regulators – who pride themselves on a business-friendly ethos – into a debate between financial titans.

With two bills introduced Monday, Delaware could become one of the first states to regulate a part of the disruptive cryptocurrency industry that is pushing to become a mainstream provider of card payments and savings accounts.

And, unlike in Congress where a bitter fight is raging over rules to govern…