Ahead of a June 3rd election, South Korea’s People Power Party (PPP) is pushing for legislation to allow Bitcoin Exchange-Traded Funds (ETFs). This move follows the party’s focus on driving digital asset management in the country. The PPP aims to capitalize on international market trends and encourage institutional involvement in the rapidly evolving digital economy. The proposed policy seeks to remove restrictions preventing cryptocurrency exchanges from partnering with a single bank, thereby deregulating the market. Critics express concern that this move could lead to market dominance and limit consumer choice. To promote transparency and investor protection, the PPP aims to introduce a global standard framework for stablecoins, along with the Framework Act on Digital Assets. This legislation will establish precise guidelines for exchanges, listing requirements, and disclosure obligations. The PPP also plans to grant legal trading capability to approximately 3,500 non-profits, corporations, and investment firms before year’s end.** The government will establish a Virtual Asset Special Committee to oversee implementation. The PPP draws inspiration from Donald Trump’s crypto policy in the United States and Hong Joon-pyo, who promises both regulatory reversals and integration of blockchain technologies into public services. ** However, the outcome of the upcoming election remains uncertain as Australian businessman Lee Jae-myung currently holds a leading position according to polls. The election campaign of Hong Joon-pyo focuses on restoring democracy and securing economic stability without providing details on digital asset regulation. The result will shape South Korea’s crypto future.