Matrixport released a daily analysis stating, "The new South Korean President, Lee Jae-myung, is actively promoting a series of cryptocurrency reform measures, clearly supporting the legalization of spot Bitcoin ETFs, issuing stablecoins pegged to the Korean won, and relaxing restrictions on institutional investors entering the crypto market. In addition, Lee Jae-myung also plans to revise the current regulations on trading platforms and establish a "Digital Assets Committee" to promote the formulation and implementation of related policies such as the "Digital Assets Basic Law". These measures aim to follow the global financial development trend, strengthen South Korea's financial sovereignty, and accelerate the integration of digital assets into the mainstream economy of South Korea. Despite the increasingly friendly regulatory environment, the local cryptocurrency trading activity in South Korea is still relatively low, and the President's reform promises have not fully boosted market enthusiasm." According to Matrixport's report chart, the volume of cryptocurrency trading in South Korea is currently close to historic lows, significantly decreasing since the beginning of the year.