South Korean lawmakers are calling for prioritizing stablecoin legislation to avoid delays caused by equity restriction disputes.

According to ME News, on April 17th (UTC+8), Kim Sang-hoon, a member of the National Power Party's Digital Assets Special Committee, expressed concern about equity restrictions on cryptocurrency exchanges at an academic conference. He called for prioritizing the enactment of a basic law on digital assets related to stablecoins (the second phase of legislation) to avoid missing the golden opportunity for legislation due to equity regulation disputes. He pointed out that the issuance and circulation of the Korean won stablecoin KRWQ overseas poses a serious challenge to monetary sovereignty. Kim Sang-hoon emphasized that the law should grant market predictability, provide clear guidance for operators, and offer effective security mechanisms for users. (Source: ME)