South Korea’s ruling People Power Party unveiled seven proposed initiatives during a parliamentary session on Monday to stimulate the cryptocurrency ecosystem. Ahead of elections, the party plans to remove the ‘one exchange, one bank’ rule and permit spot cryptocurrency ETF trading by the end of this year. The measures also include legalizing security token issuance and establishing a stablecoin regulatory framework in line with global standards. The party will submit a bill titled the Basic Act on the Promotion of Digital Assets to Parliament for enactment. To execute these plans, the People Power Party intends to establish a dedicated cryptocurrency committee headed by their presidential candidate, designed to drive progress within the crypto sector, support industry growth, and build investor confidence.