President Lee Jae-myung's Vision for a Digital Asset Future

With the inauguration of President Lee Jae-myung, the financial investment sector is buzzing with anticipation for legislative moves that could authorize spot exchange-traded funds (ETFs) based on virtual assets. This optimism is rooted in President Lee's campaign promises, where he highlighted virtual assets as a cornerstone of a 'fair economy.'

Legislative Actions and Industry Promotion

Political insiders reveal that Lee's administration is set to lay the foundation for the virtual asset industry's growth, aiming to assist the youth in wealth accumulation. This initiative is expected to gain traction, especially with the U.S.'s pro-digital asset policies under the Trump administration serving as a backdrop.

Stablecoins and Spot ETFs: A Dual Focus

Lee's strategy includes finalizing the second phase of virtual asset legislation and crafting a national innovation roadmap. A significant part of his agenda is the introduction of won-based stablecoins and spot ETFs for major virtual assets like Bitcoin, aimed at safeguarding national wealth and fostering a competitive edge in the global market.

Reducing Barriers and Expanding Opportunities

Further efforts are directed towards lowering transaction fees on virtual asset exchanges and broadening the scope of security token offerings (STOs), enabling the tokenization and trade of traditionally illiquid assets such as government bonds and artworks within regulated frameworks.