South Korea has elected Lee Jae-myung, a pro-crypto candidate, as its new president. His campaign focused on advancing cryptocurrency adoption and innovation through measures like spot crypto ETFs and a won-pegged stablecoin market. Lee aims to revamp South Korea’s digital asset regulatory framework, promoting transparency and fostering blockchain development. He plans to introduce spot crypto ETFs and establish a won-pegged stablecoin market to boost domestic cryptocurrency investments. With a focus on enhancing the South Korean digital asset business, Lee Jae-myung has been chosen as the next president of South Korea, marking a potential shift in the country’s approach to cryptocurrency.