South Korea’s Democratic Party Launches Crypto Task Force to Accelerate Regulatory Framework

South Korea's ruling Democratic Party has established a dedicated cryptocurrency task force, unveiled on September 24 in the National Assembly. The initiative aims to expedite pro-crypto legislation, with potential regulations—particularly for stablecoins—enacted as early as year-end 2025.

Policy Committee Chair Han Jeong-ae emphasized the need for a regulatory system aligned with global financial evolution, prioritizing stable and sustainable innovation. The task force, led by Representative Lee Jeong-moon and Digital Asset Committee Chair Min Byoung-dug, marks a strategic pivot from previous exchange-centric policies toward fostering industry growth while safeguarding investors.

Collaboration with key institutions—including the Financial Services Commission—signals a concerted push to position South Korea as a competitive hub for digital asset innovation. The focus on stablecoin regulation reflects broader recognition of their role in financial infrastructure modernization.