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.
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