South Korea’s People Power Party (PPP) unveiled seven ambitious proposals during a session at the National Assembly, marking a significant political shift in the country’s approach to crypto. The proposals aim to ease regulations on banks collaborating with cryptocurrency exchanges and provide legal framework for tokenized assets and spot crypto ETFs. This initiative comes amid a strategic pivot by the PPP following President Yoon Suk-yeol’s impeachment in April. 2023’s presidential election is expected to be heavily influenced by this shift, as the party attempts to appeal to South Korea’s tech-savvy electorate and growing community of digital asset investors.