Ex-White House crypto council official: stablecoin issuance shouldn't be limited to banks
- —Jung helped draft the GENIUS Act and the White House working group's crypto report
- —He said banks and tech companies should be licensed under identical rules
- —He split the stablecoin market into a global layer (USD and Treasuries) and a domestic layer
- —He urged Korea to define in advance how a won stablecoin would be used
Why it matters: The stance of a former White House official could shape South Korea's stablecoin law and non-bank access to issuance.
Source: TokenPost
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