Close Menu
Cryprovideos
    What's Hot

    Why are Extra Corporations Constructing an XRP Reserve?

    June 5, 2025

    Trump Says Relationship with Elon Musk is Doubtless Over Attributable to Fallout Over Huge Stunning Invoice – BlockNews

    June 5, 2025

    Solo Miner Wins $330K Bitcoin Block Amid Document Problem – Bitbo

    June 5, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Odds for South Korea Crypto Reform Rise as Lee Jae-Myung Wins Presidency – Decrypt
    Odds for South Korea Crypto Reform Rise as Lee Jae-Myung Wins Presidency – Decrypt
    Crypto News

    Odds for South Korea Crypto Reform Rise as Lee Jae-Myung Wins Presidency – Decrypt

    By Crypto EditorJune 4, 2025No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Odds for South Korea Crypto Reform Rise as Lee Jae-Myung Wins Presidency – Decrypt

    Briefly

    • Lee Jae-myung gained South Korea’s snap election after former president’s impeachment over martial legislation.
    • He pledged to legalize Bitcoin ETFs and launch won-pegged stablecoin to curb capital flight.
    • The inauguration is about for July 17, with Lee promising for AI and semiconductor investments and shorter work week.

    A rustic shaken by martial legislation simply six months in the past has elected a brand new chief with plans for crypto reform.

    Lee Jae-myung, the chief of South Korea’s Democratic Social gathering, was sworn in as President on Wednesday after securing a decisive victory in a June 3 snap election.

    With 99% of votes counted, Lee gained 49.42% to rival Kim Moon-soo’s 41.15%, amid a historic 79.4% voter turnout, the best since 1997.

    The snap election got here because of former president Yoon Suk-yeol’s impeachment in December for declaring martial legislation in a failed energy seize that paralyzed the nation’s legislature.

    Lee, who narrowly misplaced to Yoon in 2022, had used that earlier marketing campaign to experiment with NFTs bearing his picture and pledges, in an effort to attach with youthful voters.

    In his newest run, he expanded on these concepts, pledging to legalize spot Bitcoin exchange-traded funds (ETFs) and launch a won-pegged stablecoin to stop capital flight.

    “We have to set up a won-backed stablecoin market to stop nationwide wealth from leaking abroad,” he stated throughout a Might coverage discussion board.

    “With Lee Jae-myung now elected, the chance of seeing a spot ETF accredited has considerably elevated,” Min Jung, an analyst at Presto Analysis, informed Decrypt.

    “It’s considerably ironic that South Korea—one of the vital crypto-active international locations globally—nonetheless lags behind friends just like the U.S. and Hong Kong on this entrance,” Jung stated.

    Nonetheless, Jung warned that different initiatives, like launching a stablecoin, “would require extra cautious deliberation, significantly round regulatory frameworks, financial coverage coordination, and technical implementation.”

    In Q1 2025, South Korean exchanges moved $40.6 billion in crypto overseas, practically half in stablecoins like USDT and USDC, elevating issues over capital outflows that Lee’s proposed won-backed stablecoin goals to curb.

    Lee’s full inauguration will happen on July 17, Structure Day, in a symbolic “Appointment Ceremony” that his workplace says displays his perception that “the individuals appoint the president.”

    Other than crypto, Lee has promised a “pragmatic and market-oriented” financial coverage that features investments in AI, semiconductors, and protection know-how, as per a Yonhap Information report.

    He’s additionally advocating for a four-and-a-half-day workweek, expanded assist for small companies, tax deductions for households, and expanded aged care providers.

    Former President Yoon, as soon as hailed as a pro-crypto reformer, had promised to decontrol the business in 2022 however achieved little throughout his tenure.

    His administration confronted pushback from the Monetary Companies Fee (FSC), and his time period ended amid a political disaster and a freeze on key crypto payments.

    Edited by Stacy Elliott.

    Every day Debrief E-newsletter

    Begin daily with the highest information tales proper now, plus unique options, a podcast, movies and extra.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Crypto Hacks Shift Towards Social Engineering in 2025

    June 5, 2025

    53,343,468 XRP Stun Prime US Crypto Trade in One Minute

    June 5, 2025

    Chinese language Firm Strikes To Purchase $300 Million Price Of XRP, SEC Submitting Reveals | Bitcoinist.com

    June 5, 2025

    SEC Clarifies Staking Not a Safety: Boosting Blockchain Innovation

    June 5, 2025
    Latest Posts

    Solo Miner Wins $330K Bitcoin Block Amid Document Problem – Bitbo

    June 5, 2025

    VerifiedX Launches Vault Accounts – Setting a New Normal for Bitcoin Safety

    June 5, 2025

    President Trump's Fact Social Information S-1 Type For Bitcoin ETF

    June 5, 2025

    'Bitcoin Is Michael Jordan', Says NBA Star Tristan Thompson—So Who's Ethereum, Solana and XRP? – Decrypt

    June 5, 2025

    Cointelegraph Bitcoin & Ethereum Blockchain Information

    June 5, 2025

    Greatest Cloud Mining: Earn Passive Earnings with Free Bitcoin Cloud Mining with HJB Miner

    June 5, 2025

    Ethereum Mirrors Bitcoin 2020 Breakout Setup – Historic Run Incoming?

    June 5, 2025

    Bitcoin Flashing Bearish Sign After Failing To Break Above Main Resistance, Says Crypto Dealer – Right here Are His Targets – The Day by day Hodl

    June 5, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    U.S. Crypto Regulation: GENIUS Act Delayed, Banks Acquire Readability

    May 14, 2025

    U.S. crypto companies’ push for deregulation and political contributions raises ‘crimson flags’: Report

    March 8, 2025

    Crypto horoscope from April 14 to twenty

    April 13, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.