The trend of cryptocurrency policies under the background of the 2023 South Korean presidential election is undoubtedly a shot in the arm for the global cryptocurrency industry. Its explicit support for spot ETFs, the entry of pension funds, and the stability of the Korean won stablecoin demonstrates a more open and proactive regulatory approach. With its leading digital economy infrastructure and high-level political consensus, South Korea indeed has the potential to provide a 'new model' for global cryptocurrency regulation that balances innovation and risk while promoting mainstream adoption through these innovative policies. This will be an important barometer for observing the future development of the cryptocurrency market.