South Korea
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[KBW2026] Former Deputy Director of White House Crypto Council: 'There's No Reason Stablecoin Issuance Should Be Limited to Banks'
- Harry Jung, Managing Director at Nexum Group and former Deputy Director of the White House Digital Assets Council (stepped down about a month and a half ago), spoke at a KBW2026 press conference in Seoul on October 1.
- He argued stablecoin issuance should be open to qualified tech companies, not restricted to banks, as long as they meet equivalent requirements and licensing standards.
- He urged Korea to clarify the specific use cases and long-term policy objectives for a won-denominated stablecoin, drawing on his work on the GENIUS Act and the President's Working Group report.