Ref

The Democratic Party of Korea promotes cryptocurrency regulatory reform and establishes a Digital Asset Committee to strengthen policy leadership

ChainCatcher news, as the presidential election on June 3 approaches, the South Korean Democratic Party has made cryptocurrency regulation one of the core campaign issues, establishing a "Digital Asset Committee" aimed at centralizing the authority for cryptocurrency policy-making in the presidential office. The committee held its first meeting on May 13 at the National Assembly in Seoul, bringing together legislators, government officials, and representatives from local exchanges such as Upbit, Bithumb, Coinbit, and Gopax. Committee Chairman Min Byeong-deok stated that the current "one exchange, one bank" system restricts the development of cryptocurrency businesses and needs reform.The committee is drafting key legislation known as the "Second Phase Bill," which aims to establish a digital asset framework for South Korea, covering regulatory innovation and user protection. Additionally, the regulation of stablecoins has become a focal point of discussion, especially stablecoins pegged to the Korean won. Democratic presidential candidate Lee Jae-myung advocates for a swift market launch and proposes the issuance of a won-pegged stablecoin. However, the Bank of Korea (BOK) insists that discussions must involve early-stage participation to prevent instability in national monetary policy.This reform aims to promote the development of the cryptocurrency industry and attract the support of young voters. Reports indicate that over 16 million people in South Korea are involved in cryptocurrency trading.

TRUMP Meme Coin team refutes rumors of a "300,000 USD dinner participation threshold."

ChainCatcher news, according to Cointelegraph, the Meme coin team of U.S. President Trump has denied rumors circulating on social media that official TRUMP token holders need at least $300,000 to attend an upcoming dinner with Trump.The rumor originated from community members citing information from the Solana blockchain explorer that displayed the token contract address holders. As of the time of writing, the explorer shows that the 220th holder possesses 33,114 TRUMP tokens, valued at over $400,000. However, the Meme coin team stated that the explorer does not reflect their standards.The team wrote in a statement: "People mistakenly took the data of the 220th holder on the blockchain explorer as a qualification line, which is inaccurate. This data includes locked tokens, exchange holdings, market maker holdings, and holdings of users who did not participate in the activity. Actual participation eligibility should be based on the official leaderboard."According to information from the Meme coin official website, the team will select winners based on "time-weighted holdings," a metric that takes into account both the number of tokens held and the duration of holding.Additionally, Trump's Meme coin team clarified that the rumor about "unlocking a large number of tokens" for this competition is also untrue. They stated that currently, user "Sun" is in the lead with 1,176,803 TRUMP (worth about $14 million), while the user in 220th place, "HAR," holds only 35.3 TRUMP (worth about $420).
ChainCatcher Building the Web3 world with innovators