South Korean lawmakers are calling for prioritizing stablecoin legislation to avoid delays caused by equity restriction disputes.

CoinFeed reported on April 17th, citing Edaily, that Kim Sang-hoon, a member of the National Power Party's Digital Assets Special Committee, expressed concern about equity restrictions on cryptocurrency exchanges at an academic conference. He called for prioritizing the enactment of a basic law on digital assets related to stablecoins (the second phase of legislation) to avoid missing the golden opportunity for legislation due to equity regulation controversies. He pointed out that the issuance and circulation of the Korean won stablecoin KRWQ overseas poses a serious challenge to monetary sovereignty. Kim emphasized that the law should provide market predictability, clear guidance for operators, and effective security mechanisms for users. Currently, the equity regulation plan to limit the shareholding of major shareholders in all Korean cryptocurrency exchanges to 15-20% is controversial, with industry insiders believing it may be unconstitutional and lead to industry contraction.