A delegation of South Korean lawmakers touched down in Washington on June 22 for a three-day blitz of meetings with the White House, Coinbase and key US senators – a trip aimed at shaping digital-asset legislation on both sides of the Pacific.
Rep. Min Byoung-dug and Rep. Park Min-kyu, both from the Democratic Party's former digital-asset task force, were joined by Rep. Kang Min-kook of the ruling People Power Party. They plan to meet US senators and House members actively working on crypto bills. On the agenda: the White House's digital-asset advisory council, a policy control tower created early in President Donald Trump's second term.
The lawmakers also intend to sit down with Coinbase, the US's largest crypto exchange. On the same day, they held talks with BitGo, the global custody firm. Industry officials confirmed the schedule on June 23.
"The trip is aimed at shaping the direction of digital-asset legislation and building channels for policy cooperation," an official in Min's office said.
Back in Seoul, the Democratic Party is gearing up for a renewed push to pass the Digital Asset Basic Act in the second half of this year. Rep. Ahn Do-geol, who served as secretary of the party's digital-asset task force, declared at a National Assembly seminar on June 22 that the bill "had moved beyond discussion and should now proceed to enactment." He said the party would accelerate the effort in the National Assembly.
The parallels are hard to miss. South Korea – home to some of the world's most active retail crypto trading – has been wrestling with regulatory clarity. The US, under Trump's second administration, has been building out its own federal framework. Lawmakers want to ensure the two regimes don't drift too far apart, especially on issues like custody rules, exchange licensing and stablecoin oversight.
For traders, the key watch item is whether this cross-border coordination produces any concrete legislative text before year-end. The delegation returns June 26. Any public statements from the White House council or Coinbase officials during that window could indicator the direction of upcoming rule-making in both countries. The Digital Asset Basic Act's fate in Seoul's second-half session remains the immediate catalyst for Korean exchange volumes and BTC premiums.
South Korean lawmakers meet US officials and Coinbase to coordinate crypto laws
South Korean lawmakers visited Washington to discuss digital-asset legislation with the White House, US lawmakers, and Coinbase. Their goal is to influence crypto rules in both countries, affecting regulators and digital-asset companies on both sides of the Pacific.