Democratic Party Drives Virtual Asset Policy... "Possible Only with Lee Jae-myung's Victory"

Launch of Democratic Party Digital Asset Committee

Transition to 'Presidential Direct' upon Election Victory

"Aim for New Financial Market G2"

The Democratic Party is pushing to establish a digital asset committee directly under the president. Analysts suggest that the Democratic Party is driving virtual asset policies targeting the votes of 'coin ants'.

Min Byung-deok, a Democratic Party lawmaker, attended the 'Democratic Party Digital Asset Committee Launch Meeting' held at the National Assembly Hall in Seoul on the 13th, stating, "We have prepared a draft of the Digital Asset Basic Law," and "We have included the establishment of a digital asset committee directly under the president in the basic law." The Digital Asset Committee is a committee under the Democratic Party's election campaign committee dedicated to designing virtual asset policies.

The Digital Asset Committee is expected to play a key role in virtual asset policies if Lee Jae-myung, the Democratic Party's presidential candidate, is elected. Min stated, "(The Digital Asset Committee) will be converted into a committee form where the Democratic Party, government, and ruling party participate together after the presidential election," and "We will clearly define the concept of digital assets with the Digital Asset Basic Law and ensure the autonomy and transparency of the digital asset market through a committee directly under the president."

Min emphasized, "Everything is possible only if the Democratic Party and Lee Jae-myung win." He added, "We will prepare policies with experts from various fields to strengthen global competitiveness in the digital asset sector," and "We aim to secure the G2 position in the new financial market."

"Cannot Leave Regulatory Gaps Unattended"

Yoon Yeo-jun, the Democratic Party Chief Campaign Manager, also attended the launch meeting, stating, "We can no longer leave (digital asset) regulatory gaps unattended." Yoon said, "Uncertain regulations and institutional gaps in the digital asset sector have led innovative companies and investors to seek better environments overseas," adding, "This is not just an issue of capital outflow but a risk factor that weakens the foundation of economic growth by leading to the outflow of technology and talent."

He also emphasized the importance of the digital asset industry. Yoon stated, "Countries around the world are fiercely competing to gain an edge in the digital finance industry," and "The digital asset industry is at the forefront of this competition." He added, "(Digital assets) are becoming the core of innovation and an important asset to protect economic sovereignty," and "Through this presidential election, we must resolve these issues and simultaneously implement market conflict resolution and investor protection."

He also mentioned the intention to enact the basic law. Yoon stated, "We need to quickly establish the Digital Asset Basic Law," and "The core goal of the basic law is to restore investor trust and build an innovative ecosystem by establishing a clear and predictable regulatory framework." He added, "The government, National Assembly, financial institutions, technology companies, and investors must cooperate together to secure global leadership in the digital asset market."

Meanwhile, the committee is composed of four subcommittees: Digital Basic Law Enactment, User Protection, Digital Asset Growth, and External Cooperation. Over 100 experts in the digital asset field, including Professor Kang Hyung-gu of Hanyang University and Dr. Yoon Min-seop of the Digital Consumer Research Institute, are participating in the committee. Major domestic virtual asset exchanges such as Upbit, Bithumb, Coinone, and Gopax are also known to have joined the committee.