Budget cuts in Delaware are "sucking the air out of the room," according to a corporate lawyer who has been following the US state's efforts to amend incorporation law to legalize the issuance of stocks on a blockchain.
Even so, local lawyer Matthew O'Toole, chair of the corporate law section of the Delaware bar association, believes long-planned blockchain amendments won't be overlooked.
In interview with CoinDesk, O'Toole asserted that a state legislator "in a position to know" confirmed to him that the amendments will be put to a vote today in the state's House of Representatives, the last day legislators can cast such a vote until next year.
Further, O’Toole expressed confidence the bill will pass, stating:
O’Toole said he expects Governor Carney to sign the bill into law by the end of July, with the legislation going into effect 1st August.
Delaware Legislative Hall image via Shutterstock
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