Digital Asset Editor Park Sang-hyuk Cites Market Restructuring Amid Crypto Downturn

Park Sang-hyuk, editor-in-chief of Digital Asset magazine, stated on May 29 that the digital asset market is undergoing structural restructuring despite a downturn. Speaking on 삼프로TV, Park explained that the restructuring is driven by convergence between traditional financial institutions and Web3 companies, as well as areas backed by institutional market demand. The remarks came as major digital asset prices declined during the current market downturn.

Restructuring Focused on RWA, Stablecoins, and Payment Systems

Park identified three areas where convergence between traditional finance and digital assets is most active: tokenization of real-world assets (RWA), digital asset card payments, and stablecoins. He described these sectors as the primary focus of market restructuring, supported by institutional demand from the traditional financial sector.

U.S. Pro-Crypto Lobbying Gains Political Ground

Park highlighted the growing political influence of U.S. pro-digital asset lobbying groups. On May 27, six Texas-based candidates endorsed by Fairshake, the largest pro-digital asset political action committee in the United States, won their primary elections. Park characterized this development as a positive signal for the digital asset sector.

Macroeconomic Pressures May Delay User Response

Park noted that macroeconomic inflation pressures and capital concentration in semiconductor and AI stocks have led most experts to expect a prolonged recovery period for digital assets. He stated that the ongoing market restructuring may take considerable time to generate user response due to these macroeconomic headwinds.