The Digital Asset Exchange Joint Council (DAXA) and policy think tank MRI announced on July 10 that they will co-host a seminar titled 'US Digital Asset Hegemony Strategy and Korea's Response' on July 15 at 3 PM at Hotel Naru Seoul M Gallery Naru Ballroom in Mapo-gu, Seoul. The seminar will discuss the legislative direction for Korea's Digital Asset Basic Act in the second half of the year, based on findings from bipartisan lawmakers who recently visited the US to investigate the Trump administration's digital asset strategy and legislative trends. The event is organized as the US advances federal stablecoin regulation through the GENIUS Act and the comprehensive CLARITY Act, prompting Korea to examine its own digital asset institutionalization and Korean won stablecoin framework design.
DAXA and MRI Announce Seminar on US Digital Asset Strategy
DAXA stated that the seminar aims to discuss the legislative direction for Korea's Digital Asset Basic Act and the design challenges for a Korean won stablecoin system as the US institutionalizes digital assets through the federal stablecoin regulation GENIUS Act and the comprehensive digital asset legislation CLARITY Act. The event is structured around discussions from lawmakers Min Byeong-deok (Democratic Party), Park Min-kyu (Democratic Party), and Kang Min-kuk (People Power Party), who recently visited the US. The three lawmakers visited the White House, US Senate and House of Representatives, financial authorities, and major digital asset companies to examine the Trump administration's digital asset policies and legislative trends. Min Byeong-deok and Park Min-kyu will attend the seminar to share the US digital asset strategy they confirmed on-site and its implications for Korean legislation.
Seminar Sessions Cover GENIUS Act and Korean Won Stablecoin Design
The first session features attorney Han Seo-hee from law firm Kwang Jang presenting on 'Legislative Background and Direction of the GENIUS Act and CLARITY Act'. The presentation will examine the core content of US stablecoin legislation and the CLARITY Act, and their significance for Korean legislative discussions. The second session features MRI CEO Kim Jong-seung presenting on 'Key Issues in Korean Won Stablecoin Discussion: Issuer Equity vs. Par Maintenance Design'. This session will address core issues in Korean won stablecoin system design including issuer structure, reserve assets, redemption rights, and par maintenance mechanisms. The third session features lawmakers Min Byeong-deok and Park Min-kyu discussing 'US Digital Asset Strategy Observed On-Site and Our Challenges', covering policy trends confirmed during their US trip and legislative direction for the second half of the year.
Korean Lawmakers Share Findings from US Digital Asset Policy Visit
Lawmakers Min Byeong-deok, Park Min-kyu, and Kang Min-kuk recently visited the US to investigate the digital asset policies and legislative flow of the Trump administration. During their visit, they met with officials at the White House, US Senate and House of Representatives, financial authorities, and major digital asset companies. Min Byeong-deok and Park Min-kyu will participate in the July 15 seminar to share insights from their US visit regarding American digital asset strategy and its implications for Korean legislation.
DAXA Chairman Oh Se-Jin Addresses Need for Institutional Improvement
DAXA Chairman Oh Se-jin stated, 'Recently in Korea, traditional financial institutions and virtual asset exchanges are showing a trend of convergence, and institutional improvements for synergy between legacy finance and the digital asset market will become increasingly necessary'. He added, 'I hope this seminar, which examines the US digital asset strategy and explores Korea's response measures, will provide implications for the development of Korea's digital asset market'.
FAQ
What is the topic of the DAXA and MRI seminar on July 15?
The seminar is titled 'US Digital Asset Hegemony Strategy and Korea's Response' and will discuss the legislative direction for Korea's Digital Asset Basic Act and Korean won stablecoin framework design based on findings from Korean lawmakers who visited the US to study the Trump administration's digital asset policies.
Who will present at the DAXA and MRI seminar?
The seminar will feature presentations from attorney Han Seo-hee from law firm Kwang Jang on the GENIUS Act and CLARITY Act, MRI CEO Kim Jong-seung on Korean won stablecoin design issues, and lawmakers Min Byeong-deok and Park Min-kyu sharing findings from their US visit regarding American digital asset strategy and Korean legislative implications.
