PANews reported on April 29 that according to The Block, South Korea’s ruling National Power Party (PPP) announced that it will allow spot cryptocurrency ETF trading within the year and expand the bank access rights of crypto exchanges to win support from the crypto industry before the presidential election on June 3. PPP also plans to abolish the “one exchange corresponds to one bank” rule and propose a draft of the Basic Law on the Revitalization of Digital Assets, covering stablecoin regulation and the legalization of security tokens.