According to ChainCatcher, Lee Jae-myung, the leader of the Democratic Party of Korea, has pledged that if elected president, he will approve the spot cryptocurrency exchange-traded fund (ETF) and other cryptocurrency-friendly measures. Lee Jae-myung announced his cryptocurrency commitment on May 6, aimed at providing more investment opportunities for young people in Korea. Young people are one of the main target demographics for the upcoming election on June 3. He stated that he would create a secure investment environment, legalize spot cryptocurrency ETFs, reduce trading fees, and take more consumer protection measures.

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