Odds for South Korea Crypo Reform Rise as Lee Jae-Myung Wins Presidency

The land shocked by martial arts just six months ago chose a new leader with a cryptic reform plans.

Lee Jae -myung, leader of the Democratic Party of South Korea, swore on Wednesday as president after securing a decisive victory in the election 3 of June.

With 99% of votes counting, Lee won 49.42% for Kim Moon-SOO 41.15% rival, in the midst of a historic 79.4% of voter response, which has been mostly since 1997.

The Snap elections came as a result of the impeerve of former President Yoon Suk-Veol in December for proclaiming a martial arts law in a failed gravity of power that paralyzed the legislative body of the nation.

Lee, who has closely lost to Yoon 2022, used this earlier campaign to experiment NFTS carrying his picture and promises, in an effort connect with younger voters.

In his last run, he spread to these ideas, commitment legalize a place Bitcoin trade funds (ETFS) and start the conquered PEG Stabblecoin to prevent capital flight.

“We need to establish a stablecoin market to prevent national wealth to miss abroad,” he said During the May Forum of Politics.

“With Lee Jae-Myoung, which is now chosen, the likelihood of seeing the approval of the Spot ETF has increased significantly,” said Min Jung, an analyst of Presto Research, said Decipher.

“It is a bit ironic that South Korea-one of the most important crypto-active countries globally-is lagging behind this front for peers like the US and Hong Kong,” Jung said.

However, Jung warned that other initiatives, such as launching stabibeloin, “demand more careful discussions, especially around regulatory frameworks, coordination of monetary policy and technical implementation.”

In the first quarter of 2025, the South Korean Stock Exchange moved $ 40.6 billion in cryptocurrencies abroad, almost half in stablecoins like USDT and USDCcausing concern about the outflows of the capital that Lee’s proposed conquered Stablecoin wants to suppress.

Lee’s full inauguration will be held on July 17, the Day of the Constitution, in a symbolic “appointment ceremony” for which his office says that he reflects his belief that “the people appoint the president.”

In addition to cryptocurrencies, Lee promised the economic policy of “pragmatic and market -oriented” that includes investments in AI, semiconductors and defense technology, according to a Yonhap News report.

It also advocates four and a half days of the weekly week, expanded support for small businesses, tax deductions for families and expanded older care services.

Former President Yoon, Once called as a pro-CCTO ReformerHe promised to deregular industry in 2022, but achieved little during his term.

His administration faced with a return blow From the Financial Services Commission (FSC), and his term ended in the midst of a political crisis and freezing on key crypto accounts.

Edited Stacy Elliott.