#SouthKoreaCryptoPolicy President Lee Jae-myung just stepped in on June 4, and he didn’t come empty-handed. No, not with promises to the people, but promises to the charts. Spot crypto ETFs? On the table. Institutional access for the National Pension Fund? You heard that right. A won-backed stablecoin to curb capital flight? Welcome to Seoul, where regulators are learning how to farm yield.

Lee didn’t mention crypto in his speech, but actions speak louder. His Digital Asset Committee is already pushing to pass DABA - the Digital Asset Basic Act - with clauses for a self-regulatory framework, stablecoin approvals, and clear exchange rules. It’s not DeFi, it’s K-Fi.

He backs centralized, fiat-backed stablecoins. No more algorithmic pipe dreams. Think Terra, then think what Terra should have been, minus the drama. That’s what Lee wants to roll out, backed by won, pushed into Southeast Asia on the shoulders of K-pop and cultural exports. Yes, seriously.