South Korea’s Presidential Race Ignites Crypto Market Buzz: Potential for Bitcoin ETF Legalization

The South Korean presidential election is generating significant attention in the crypto market, as candidate Lee Jae-myung has committed to legalizing spot Bitcoin ETFs and enacting pro-crypto policies. The ruling People Power Party also proposes similar initiatives including the legalization of spot crypto ETFs, modifications to banking regulations, and a stablecoin framework. Meanwhile, US Bitcoin ETFs have seen strong growth since mid-April, drawing renewed interest from institutional investors globally.