South Korean presidential candidate Lee Jae-myung has expressed intentions to make crypto investments safer and more accessible for youth. He proposes reforms in the crypto industry.
Lee Jae-myung's Promises for Youth
Lee Jae-myung, the Democratic Party's candidate, is actively reaching out to younger voters ahead of the June 3 elections. In a social media post on May 6, he emphasized the importance of helping young people build assets and plan for the future through safe crypto investments.
Plan for Crypto Reforms
Lee has pledged to legalize spot crypto ETFs and create a unified oversight system to strengthen investor protections and enhance market transparency. He also plans to reduce trading fees and overhaul existing regulations, aiming to make cryptocurrencies a more stable investment option for everyday users.
Competition Among Politicians for Crypto Investor Votes
Digital asset investors have become a significant voting bloc, making up about 36% of South Korea's electorate. Lee Jae-myung is not alone in his plans; the ruling People Power Party has also proposed initiatives to support the crypto sector, including establishing a regulatory framework for stablecoins and removing current restrictions.
Lee Jae-myung seeks to attract the younger electorate through his initiatives to support the development of crypto investments in South Korea. Amid growing competition among politicians, his promises may significantly influence the elections.
