South Korea elects pro-crypto Lee Jae-myung as president

South Korea’s opposition leader Lee Jae-myung has been sworn in as president following a decisive victory in a snap election, after promising a raft of pro-crypto policies during his campaign.

Lee claimed victory in the June 3 election held six months after the country’s previous leader, Yoon Suk-yeol, declared martial law and threw the nation into political chaos.

With 99% of the votes counted on June 4, the center-left Democratic Party’s Lee fetched over 49% of votes against the 41% won by rival conservative People Power Party candidate Kim Moon-soo, according to National Election Commission data.

Reuters reported that almost 80% of South Korea’s 44.4 million eligible voters cast their ballots in the highest turnout for a…

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