South Korea's crypto industry stands to benefit regardless of the outcome of the presidential elections, as both leading candidates have pledged support for pro-crypto policies. Voters will elect a new president on June 3 to replace the impeached Yoon Suk-yeol. Lee Jae-myung from the Democratic Party advocates for spot crypto exchange-traded funds, a won-backed stablecoin, and easing strict banking regulations for crypto exchanges. Kim Moon-soo from the People Power Party supports similar initiatives, showing unusual bipartisan alignment on cryptocurrency policies. Simon Seojoon Kim from Hashed Ventures commented that the election poses a clear win for crypto investors due to the candidates' platforms. The need for definitive regulations is urgent, given the high retail participation in crypto, which recently saw stricter regulations imposed. South Korea's active crypto market includes over 18 million participants, with daily trading volumes sometimes exceeding major stock indexes.

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