Harry Jung, Deputy Director: "We will bring cryptocurrency firms that went abroad back to the U.S."

Harry Jung, White House Deputy Director for Digital Assets

"Pushing for swift passage of the market structure bill"

Harry Jung, deputy director of the White House Digital Asset Policy Advisory Committee, said on the 22nd, "Stablecoin regulation is an important starting point in the global financial system."

Deputy Director Jung emphasized via video link at 'Eastpoint Seoul 2025,' held at the Grand Hyatt Seoul in Hannam-dong, Seoul, that "We will continue institutional support so that cryptocurrency companies that moved overseas return to the United States."

The Digital Asset Policy Advisory Committee is a virtual asset control tower within the White House newly established under the president after Donald Trump took office. David Sacks, called the 'crypto and artificial intelligence (AI) czar,' serves as a special adviser. Deputy Director Jung serves as the working-level official responsible for linking regulators and industry and coordinating policy implementation on this committee.

Deputy Director Jung said, "President Trump regards digital assets and technology as important engines of growth." He added, "Discussions are under way using an interagency approach involving the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), the Treasury Department, and the Department of Commerce," and said, "We are also pursuing the swift passage of the market structure bill known as the 'Clarity Act.'" The Clarity Act is a key virtual asset bill being discussed in the U.S. Congress along with the Genius Act, a stablecoin regulation bill.

Deputy Director Jung said, "Europe and Asia have already established regulations several years ago," and "We will organize the regulatory framework in the United States so that companies that left overseas can grow again in the United States."

Reporter Mihyun Cho mwise@hankyung.com