According to ChainCatcher, South Korean Democratic Party leader Lee Jae-myung has become the latest presidential candidate to promise approval of spot cryptocurrency ETFs and other crypto-friendly measures if elected. Lee Jae-myung announced his cryptocurrency promises on May 6, which is part of a broader initiative to provide more investment opportunities for young Koreans, who are one of the key target groups in the upcoming June 3 election.
The Korea Economic Daily (KED) quoted Lee Jae-myung saying in Korean: "I will create a safe investment environment that allows young people to [accumulate] assets and plan for their future." He also promised to legalize spot cryptocurrency ETFs, reduce trading fees, and implement more consumer protection measures.
