PANews reported on June 4 that according to Matrixport analysis, Lee Jae-myung, leader of the Democratic Party of South Korea, is actively promoting a number of cryptocurrency reform measures, including supporting the legalization of spot Bitcoin ETFs, issuing stablecoins anchored to the Korean won, and relaxing restrictions on institutional investors entering the market. He also plans to revise exchange regulatory regulations and set up a "Digital Asset Committee" to promote the implementation of policies such as the "Digital Asset Basic Law". These measures are aimed at adapting to global financial development trends, strengthening South Korea's financial sovereignty, and accelerating the integration of digital assets into the local economy.
Despite the gradual improvement in the regulatory environment, data shows that crypto trading activity in South Korea remains low, suggesting that the president’s reform promises have not yet fully boosted market enthusiasm.
