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South Korea Elects Pro-Crypto President Lee Jae-myung

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Lee Jae-myung, a pro-crypto Democrat, was elected president of South Korea on June 3, 2025.
Lee Jae-myung won 48.8% of the vote, while his rival from the People Power Party, Kim Moon-soo, won 45.8% of the total vote, with 94.6%.
During his campaign, Lee Jae-myung promised to legalize spot-based crypto Exchange Traded Funds (ETFs) that would emulate the success of spot Bitcoin ETFs in the United States.
 
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