{"id":25576,"date":"2025-05-07T12:01:53","date_gmt":"2025-05-07T12:01:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25576"},"modified":"2025-05-07T12:01:53","modified_gmt":"2025-05-07T12:01:53","slug":"south-korean-presidential-candidate-lee-jae-myung-pledges-to-legalize-crypto-etfs-if-elected-next-month","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25576","title":{"rendered":"South Korean Presidential Candidate Lee Jae-Myung Pledges To Legalize Crypto ETFs If Elected Next Month"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">Lee Jae-Myung, the Democratic Party of Korea presidential candidate, has pledged to introduce a virtual asset spot exchange-traded fund (ETF) and introduce crypto reforms in the country.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cI will create a safe investment environment so that young people can form assets and plan for the future,\u201d said Lee Jae-Myung. In line with \u20187 major digital asset pledges,\u2019 he promised to institutionalize virtual asset spot ETFs and build an integrated monitoring system. He also proposed a policy to reorganize the market under government leadership, saying, \u201cI will induce a reduction in transaction fees.\u201d<\/span><\/p>\n<p>According to 6 May 2025 <a href=\"https:\/\/www.hankyung.com\/article\/2025050652931\" target=\"_blank\" rel=\"nofollow\">local media reports<\/a>, this is the first time that a candidate has mentioned virtual assets in a presidential election pledge.\u00a0Lee Jae-Myung\u2019s pledge is interpreted as an intention to bring virtual assets into the institutional system and increase safety.<\/p>\n<p>Notably, <span data-preserver-spaces=\"true\">South Korea\u2019s ruling People Power Party (PPP) unveiled a sweeping set of crypto reforms last month, including <\/span><span data-preserver-spaces=\"true\">the approval of<\/span><span data-preserver-spaces=\"true\"> spot cryptocurrency ETFs and <\/span><span data-preserver-spaces=\"true\">a revamp of<\/span><span data-preserver-spaces=\"true\"> the nation\u2019s digital asset framework.\u00a0<\/span><span data-preserver-spaces=\"true\">A centerpiece of the PPP\u2019s pledge is the legalization of spot crypto ETFs\u2014a move aimed at aligning South Korea with global financial markets.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Citing the US Securities and Exchange Commission\u2019s decision in January to approve spot Bitcoin ETFs, lawmaker Park Soo-min emphasized the urgency of keeping pace with international regulatory developments.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f680.png\" alt=\"\ud83d\ude80\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Huge news for <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#crypto<\/a> in South Korea! <\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f1f0-1f1f7.png\" alt=\"\ud83c\uddf0\ud83c\uddf7\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Presidential front-runner Lee Jae-myung pledges to greenlight spot <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Bitcoin<\/a> ETFs if elected. <\/p>\n<p>Get ready for a new era of secure, accessible trading on platforms like <a href=\"https:\/\/twitter.com\/XBITDEX?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@XBITDEX<\/a>! <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1fa99.png\" alt=\"\ud83e\ude99\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> <a href=\"https:\/\/t.co\/gGkpRKngR7\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/gGkpRKngR7<\/a><\/p>\n<p>\u2014 XBIT (@XBITDEX) <a href=\"https:\/\/twitter.com\/XBITDEX\/status\/1920057585249423834?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">May 7, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong>Explore<\/strong>:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" rel=\"\">20+ Next Crypto to Explode in 2025<\/a><\/p>\n<h2>Crypto Trading Continues To Surge In South Korea<\/h2>\n<p>In the meantime,\u00a0<a href=\"https:\/\/www.aa.com.tr\/en\/asia-pacific\/south-koreas-daily-crypto-trading-surpasses-stock-markets\/3545191#:~:text=The%20daily%20trading%20volume%20of,the%20Chosun%20Daily%20reported%20Tuesday.\" target=\"_blank\" rel=\"nofollow noopener nofollow\">crypto trading has surged<\/a>, exceeding the South Korean stock market activity, where digital assets reached a market capitalisation of over 100 trillion won ($74.8 billion). Moreover, global political shifts such as the election of Donald Trump as President of the US have influenced a fivefold increase in trading volume.<\/p>\n<p>The country has delayed the 20% capital gains tax on crypto till 2027, citing enforcement challenges. The government is cracking down on market manipulation by enforcing crypto companies to comply with the Virtual Asset User Protection Act (VAUPA), which mandates stricter oversight of digital assets.<\/p>\n<p>Despite regulatory scrutiny, South Korea remains one of the world\u2019s most active crypto markets today. Altcoins such as XRP are especially popular in the region, showcasing South Korea\u2019s preference for a fast and cost-effective transaction solution.<\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-ai-crypto-coins\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Best AI Crypto Coins to Invest in 2025<\/span><\/a><\/strong><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<p><span style=\"font-weight: 400\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         Lee Jae-myung, the Democratic Party of Korea presidential candidate, has pledged the introduction of a virtual asset spot ETFs.\u00a0<\/li>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         \u201cI will create a safe investment environment so that young people can form assets and plan for the future,\u201d said Lee Jae-myung.<\/li>\n<p><\/span><span style=\"font-weight: 400\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/south-korean-presidential-candidate-lee-jae-myung-pledges-to-legalize-crypto-etfs-if-elected-next-month\/\">South Korean Presidential Candidate Lee Jae-Myung Pledges To Legalize Crypto ETFs If Elected Next Month<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Lee Jae-Myung, the Democratic Party of Korea presidential candidate, has pledged to introduce a virtual asset spot exchange-traded fund (ETF) and introduce crypto reforms in the country.\u00a0 \u201cI will create a safe investment environment so that young people can form assets and plan for the future,\u201d said Lee Jae-Myung. In line with \u20187 major digital [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-25576","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25576"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25576\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}