On June 3, 2025, South Korea elected Lee Jae-myung as its new president. Lee secured approximately 49% of the votes, surpassing his main opponent, Kim Moon-soo, who received about 41%.

Lee's campaign prominently featured pro-cryptocurrency policies aimed at modernizing South Korea's financial landscape. He has pledged to legalize spot cryptocurrency exchange-traded funds (ETFs), facilitating broader access to digital asset investments for both retail and institutional investors. Additionally, Lee intends to establish a stablecoin pegged to the Korean won (KRW), aiming to prevent capital outflows and enhance the domestic digital currency market. 

Furthermore, Lee advocates for allowing major institutional investors, such as the National Pension Fund, to invest in cryptocurrencies under appropriate regulatory frameworks. He emphasizes creating a safe investment environment to enable young people to build assets and plan for the future.

The election outcome reflects South Korea's growing acceptance of digital assets and suggests a potential shift towards more accommodating regulations in the cryptocurrency sector. As Lee assumes office, the global crypto community will be observing how these proposed policies materialize and influence South Korea's position in the international digital asset market.