Techub News reports that, according to Edaily, South Korean Democratic Party digital asset special task force member Congressman Kim Hyun-jung said that the plan is to submit the “Digital Asset Framework Act” (second-phase legislation) regarding stablecoins after the local elections in June this year. At that time, the bill’s subcommittee will also convene simultaneously. Kim Hyun-jung noted that although disputes—such as restrictions on exchange major shareholders’ holdings—have not yet been fully settled, given that the newly appointed Governor of the Bank of Korea, Shin Hyun-song, has a positive stance toward stablecoins, he expects the bill will ultimately be passed successfully.

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