South Korea's Democratic Party leader Lee Jae-myung announced plans to support Bitcoin ETFs and crypto initiatives that may influence the elections on June 3.
Lee Jae-myung's Promises on Bitcoin ETFs
Lee Jae-myung pledged to approve spot Bitcoin ETFs if he wins the presidency. This statement coincides with BlackRock's ETF recording 16 consecutive days of net inflows.
Support for Crypto Initiatives and Investment Opportunities
On May 6, Lee revealed plans to back additional pro-crypto policies aimed at expanding investment opportunities for the youth. He aims to create a protected investment space to help young individuals build wealth and plan ahead.
Public Support and the Future of the Crypto Industry
According to the National Barometer Survey, Lee's support stands at 42%, placing him in the lead ahead of the elections. Support for regulatory changes in digital assets comes from both the ruling party and opposition, demonstrating bipartisan unity for developing the country's crypto industry.
Lee Jae-myung's backing of Bitcoin ETFs could mark a turning point for South Korea's crypto future, positioning the nation at the forefront of digital finance.
