Ruling and opposition united in one voice: "Develop digital assets as a core industry… Will speed up drafting bills through TF"

Lawmakers from the Democratic Party of Korea and the People Power Party emphasized the importance of digital assets and announced that they will foster the digital asset industry. They plan to promote the industry by preparing balanced legislation that takes into account both innovation and investor protection.

Lee Heon-seung, a People Power Party lawmaker, delivered a congratulatory address at the Upbit Digital Asset Policy Conference '2025 DCON' held at the Fairmont Ambassador Hotel in Yeouido on the 19th, saying, "The United States has allowed spot exchange-traded funds (ETFs) for Bitcoin (BTC) and Ethereum (ETH), the European Union (EU) is implementing the MiCA law, and Japan and Singapore have also moved to proactively adjust regulations," and added, "The global order surrounding digital assets is being reorganized now." He went on to say, "For Korea to secure competitiveness in the digital asset industry, it must establish a clear and transparent market surveillance system, resolve information asymmetry, and build safeguards consistent with international standards," and said, "The National Assembly will do its best to establish a system that balances investor protection and industrial dynamism."

Min Byung-deok, a Democratic Party lawmaker, urged that the incorporation of digital assets into the regulatory framework should be accelerated. In June, Min proposed the 'Digital Asset Basic Act,' arguing for the incorporation of won-denominated stablecoins (virtual assets whose value is pegged to a fiat currency) into the regulatory framework. He pointed out, "A global competition centered on stablecoins is surging like a tsunami, and Korea is falling behind amid regulatory gaps." He added, "If the explosive power of Korean cultural industries such as fandom, IP, and games is combined with digital assets, opportunities beyond imagination will open, but for this, the passage of the Basic Act that clarifies 'what is allowed and what is prohibited' is urgent."

Lee Jeong-mun, who chairs the Democratic Party's Digital Asset Task Force (TF), also said, "While the U.S., the EU, and Japan are strengthening competitiveness through regulatory arrangements, Korea is standing still amid regulation and uncertainty," and stated, "We must recognize digital assets not as a risk but as an opportunity for national growth and lead the era of stablecoins and asset tokenization." He suggested that they will speed up the drafting of bills through bipartisan agreement. He said, "The Democratic Party has been organizing a digital asset TF since September to work on drafting bills, and since the government is also preparing bills from late November to early December, we expect swift discussions without partisan conflict."

Finally, Kim Seong-won, a People Power Party lawmaker, said, "The digital asset industry is the core of national competitiveness and the future paradigm," adding, "The ruling and opposition parties should quickly establish an institutional foundation together so that changes on the ground can be felt."