According to TechFlame, according to Digital Today, Kim Byung-hwan, chairman of the Korea Finance Committee, said that it plans to complete the preparation of the second phase of the virtual asset-related bill (the “Basic Law”) before the regular National Assembly in September. At the Second Parliamentary Committee meeting of the National Assembly, in response to a question raised by Democratic Member Min Byung-deok about the bill's submission plan, Chairman Kim said, “Preparations will be made to ensure that the bill can be discussed during the regular National Assembly.”