Stablecoin bill dropped from agenda of key South Korean committee

South Korea's National Assembly will convene a subcommittee of its National Policy Committee today to discuss finance-related legislation. According to Edaily, while the Capital Markets Act will be on the table, a proposed basic act on digital assets—part of the second phase of crypto legislation that includes regulations for stablecoins—has been excluded from the discussion. This marks the committee's final subcommittee meeting for the first half of the year. Deliberations on the digital asset legislation are now expected to begin only after the new parliamentary session is formed following the June 3 local elections.