South Korea Elects Pro-Crypto Leader Lee Jae-myung as New President

Lee Jae-myung has been elected the new president of South Korea, marking a significant shift in the nation’s stance on cryptocurrency. His victory comes after an unprecedented presidential election triggered by the impeachment of President Yoon Suk Yeol in December 2024. This followed widespread societal and political unrest following the controversial six-hour imposition of martial law in December 2024, citing concerns about ‘anti-state forces’ and North Korea.