The upcoming South Korean presidential election is shaping a pro-crypto regulatory landscape, even amidst potential political shifts. Both major candidates, Lee Jae-myung and Kim Moon-soo, have championed crypto regulations that favor expansion and modernization of the nation’s financial system. Lee proposes a stablecoin backed by the won, aiming to modernize South Korea’s financial infrastructure and curb capital flight. Kim also supports his proposals for legalized spot crypto ETFs and wider cryptocurrency access, demonstrating rare bipartisan alignment. This trend towards pro-crypto regulation stems from high retail investor participation in cryptocurrencies, prompting the nation’s regulatory framework to adapt accordingly. This has resulted in a recent shift away from stricter regulations imposed in 2024. Notably, new rules will ensure transparency and control in the cryptocurrency market while fostering an environment for growth.