Park Sang-hyuk, a lawmaker from the Democratic Party of South Korea, has introduced a proposal to amend the Virtual Asset User Protection Act. The amendment aims to protect cryptocurrencies held by investors in the event of an exchange's bankruptcy. It would prevent virtual assets from being used to settle debts or be confiscated, ensuring that they can be returned to users first. The current law has been criticized for potentially preventing users from recovering cryptocurrencies in the event of an exchange's bankruptcy.