South Korea Gears Up for Digital Asset Regulation with October Bill; U.S. Senate Advances Stablecoin Legislation

South Korea is poised to establish a comprehensive legal framework for digital assets, with a new bill expected in October. This move follows last year's Virtual Asset User Protection Act and aims to provide foundational rules for the nation's rapidly expanding digital asset industry. Meanwhile, the U.S. Senate is also advancing its own stablecoin legislation, signaling a global trend towards regulatory clarity in the digital asset space.