South Korea’s Democratic Party Establishes ‘Digital Asset Committee’ to Shape Cryptocurrency Policy

South Korea’s largest political party, the Democratic Party, has launched a dedicated committee focused on digital assets. The new committee aims to develop policies for cryptocurrencies and promote industry growth within South Korea. Their inaugural meeting took place at the National Assembly Members’ Hall in Seoul on May 13. The committee emphasized addressing regulatory uncertainty, specifically regarding stablecoin regulations, which are being pushed by the US government.