Which should take priority: exchange equity restrictions or stablecoin legislation?

Kim Sang-hoon, Chairman of the Special Committee on Digital Assets of the People Power Party of South Korea, expressed concerns at an academic conference about restrictions on exchange equity, calling for the prioritization of the second phase legislation of the Digital Asset Basic Act related to stablecoins to avoid missing the golden legislative window due to equity regulation controversies. He pointed out that the overseas circulating Korean won stablecoin KRWQ challenges monetary sovereignty, advocating for laws that provide market predictability, offer clear guidance to operators, and establish user safety mechanisms.