US EditionSouth Korea Elects Pro-Bitcoin President, Spot Crypto ETF on the Way?
- Lee Jae-myung won South Korea's presidency on June 4, 2025, securing 49.42% of the vote against Kim Moon-soo in a high-turnout election held nationwide.
- His victory comes after the dramatic removal of Yoon Suk Yeol, whose late-year martial law declaration and unpopular measures fueled high voter participation and calls for change.
- Lee ran on a pro-cryptocurrency platform that proposes permitting South Korea’s $884 billion pension fund to allocate funds into digital assets, legalizing spot Bitcoin ETFs, and launching a stablecoin pegged to the Korean won.
- He pledged a regulatory framework to encourage innovation, protect investors, and increase transparency, with a Digital Asset Committee under the president's office to fast-track crypto legislation and oversight.
- Lee's election signals a shift toward embracing cryptocurrency in South Korea's financial system, potentially boosting domestic crypto investment and positioning the country as a leading digital finance hub.
16 Articles
16 Articles
Seoul Advances Crypto Overhaul with Spot Bitcoin ETFs and Stablecoin Launch
Upon taking office in May 2025, President Lee Jae-myung has unveiled a comprehensive set of cryptocurrency reform measures intended to modernize South Korea’s digital‐asset landscape, reinforce national financial sovereignty, and accelerate the integration of digital assets into the mainstream economy. The core initiatives announced by the president encompass the legalization of spot Bitcoin exchange-traded funds (ETFs), the introduction of a Ko…
South Korea Elects Pro-Crypto President Lee Jae-myung in Landmark Vote - CryptoShrypto
South Korea has elected pro-crypto candidate Lee Jae-myung as its new president. Lee, representing the Democratic Party, secured victory with 49.42% of the national vote, defeating conservative rival Kim Moon-soo in a high-turnout snap election held on June 3. Lee’s win follows the dramatic impeachment of former President Yoon Suk Yeol, who was removed after declaring martial law late last year. Lee’s victory is widely viewed as a shift toward p…
Among his proposals, the new South Korean president has in mind legalizing cryptocurrency ETFs and strengthening the use of digital won. *** Lee defeated his conservative opponent with about three million votes of advantage. He promised to legalize cryptocurrency ETFs and allow institutional investments. South Korea has tightened the regulation of the cryptic sector in the last two years. South Korea’s new president, Lee Jae-myung, was elected o…
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