President Lee Jae-myung's tenure as South Korea's leader signals a positive shift for the country's crypto integration, including plans for the Digital Asset Basic Act (DABA). Although his inauguration speech did not directly reference cryptocurrency, promises made during his campaign could lead to substantial regulatory changes benefiting the crypto sector. Lee's administration aims to implement a self-regulatory body for digital assets, allowing pension funds to invest in crypto, and revising rules that hinder crypto exchanges. Lee's ambitions for crypto must contend with ongoing scandals involving allegations of corruption and misuse of funds, alongside tensions regarding North Korea's involvement in crypto-related crimes. His administration emphasizes the importance of communicating with North Korea and maintaining relations with the US and China, showcasing a balance in diplomatic efforts. Legal challenges loom over Lee, including accusations of election law violations and illegal funding to North Korea, with significant trials on the horizon. As Lee embarks on this regulatory path, the future of South Korea's crypto framework hangs in the balance amid these controversies.

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