Lee Jae-myung’s Crypto ETF Agenda Targets Youth Wealth Growth
South Korea’s Democratic Party leader and presidential frontrunner, Lee Jae-myung, has committed to approving spot Bitcoin ETFs if elected, signaling a sharp shift toward crypto-friendly regulation in the country. His announcement on May 6 comes as part of a broader plan to boost financial opportunities for younger Koreans.
Speaking at a campaign event, Lee outlined proposals to foster a “safe investment environment” tailored to younger generations. The initiative aims to use digital assets as a tool for wealth-building while also lowering fees and implementing stronger investor protections.
Lee’s support for Bitcoin ETFs aligns with global trends, particularly in the U.S., where BlackRock’s iShares Bitcoin Trust (IBIT) has logged 16 consecutive days of net inflows. As of the latest data, IBIT added 280 BTC in a single day and has attracted nearly $5 billion in new capital since its January launch.
Lee’s platform would include legislative support for compound cryptocurrency ETFs and an improved regulatory framework. His proposals include the expansion of consumer safeguards and reduced transactional friction to help integrate digital assets into South Korea’s broader financial infrastructure.
Polls from the National Barometer Survey show Lee leading the race with 42% support. Notably, there is growing bipartisan agreement in the National Assembly on the need for clearer digital asset regulations, including support from both the People Power Party and the Democratic Party.
Should Lee win the June 3 election, South Korea could quickly become one of the most crypto-progressive nations in Asia. His policies mark a notable departure from previous regulatory hesitation and reflect increasing public and political interest in blockchain finance.
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