Lee Jae-myung, the frontrunner within the upcoming South Korean presidential elections, has promised to chop crypto transaction charges and approve Bitcoin spot ETFs if he wins June 3’s ballot.
Per the South Korean newspaper Hanguk Kyungjae, Lee made a collection of pledges to youthful voters whereas talking at an occasion in North Chungcheong Province on Could 6. The candidate stated:
“I’ll create a safer setting for funding. That may assist younger folks construct up their belongings and plan for the longer term.”
South Korean Presidential Frontrunner: I Will Legalize BTC ETFs
Lee stated his authorities would institutionalize crypto spot ETFs. He additionally stated that he would construct an built-in monitoring system to police the crypto sector.
Unfazed by high court docket's responsible verdict and now in his third run, Democratic Social gathering of Korea's Lee is now the presidential front-runnerhttps://t.co/A0jPeVo2hv
— The Korea Herald 코리아헤럴드 (@TheKoreaHerald) Could 6, 2025
And Lee pledged to “reorganize the market” below his management. He stated that he would “convey a couple of discount in crypto transaction charges.”
It’s unclear at this stage precisely how Lee would search to fulfil this promise. In South Korea, crypto exchanges are at present free to set transaction charges as they see match.
Nonetheless, Lee’s authorities, ought to he win on June 3, might theoretically search to impose a cap on trade transaction charges.
In latest months, exchanges like Bithumb have sought to spice up buying and selling volumes by providing their shoppers commission-free buying and selling for restricted intervals.
These promotions have proved enormously well-liked amongst South Korean merchants, with Lee’s camp probably taking observe.
Candidates Courting Youthful Voters?
Cash Right this moment reported that analysts assume Lee is attempting to win over youthful voters by making manifesto pledges about “points which are crucial to younger folks.”
Lee has been comparatively quiet on crypto-related coverage issues within the lead as much as June’s ballot. Could 6’s feedback are the primary time he has spoken about his crypto stance on the marketing campaign path.
It’s doubtless that his feedback are a response to latest crypto pledges from Lee’s principal rival within the polls, the ruling Individuals Energy Social gathering (PPP)’s candidate Kim Moon-soon.
Earlier this month, Kim pledged to let South Korea’s state pension fund and the sovereign wealth fund make direct crypto investments.
The PPP has additionally rolled out seven crypto-related manifesto pledges forward of June 3. The occasion says it plans to cast off restrictive banking guidelines for crypto exchanges.
How Honest Are Crypto Manifesto Pledges?
Skeptics will doubtless solid a cautious eye on the 2 candidates’ feedback. Hanguk Kyungjae famous that Lee’s Democratic Social gathering pledged to green-light crypto spot ETFs forward of final yr’s legislative elections. The newspaper wrote:
“Though the occasion received a landslide victory within the election, there was no important progress made on the matter since then.”
Lee promised to construct a “society that offers alternatives to younger folks.” He added: “A society that neglects younger folks will solely regress.”
DPK intensifies impeachment threats towards Supreme Court docket justiceshttps://t.co/eG9i8HvCqO
— The Korea Occasions (@koreatimescokr) Could 6, 2025
Latest opinion polls put Lee round 20 proportion factors forward of Kim, with virtually 50% of well-liked help.
The election was sparked by the latest impeachment of President Yoon Suk-yeol, who unsuccessfully tried to declare martial regulation in December 2024.
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