South Korea Lawmaker Urges Priority for Stablecoin Legislation to Avoid Equity Regulation Delays

Gate News message, April 17 — Kim Sang-hun, chairman of the Democratic Party's Digital Asset Special Committee, called for prioritizing stablecoin-related digital asset legislation (Phase 2) at an academic conference to prevent delays caused by equity restriction disputes. He expressed concern that overseas issuance of the Korean won stablecoin KRWQ poses a challenge to monetary sovereignty.

Kim emphasized that legislation should provide market predictability and clear guidance for operators while establishing effective safety mechanisms for users. He urged lawmakers to advance the foundational digital asset law without getting caught in equity regulation controversies, citing the need to seize the critical window for legislative progress.