Hong Joon-pyo, a candidate in South Korea's presidential primary, has vowed to reform regulations on blockchain and cryptocurrencies, aiming to foster the industry akin to the Trump administration's approach in the U.S. He also plans significant investments in AI and other advanced technologies, emphasizing the need for friendlier policies towards crypto.

Lee, the CEO of Haru Invest, was acquitted of fraud charges related to $650 million in losses for investors, as the court found no deliberate deception despite management neglect. The abrupt closure of withdrawals in 2023 was linked to the FTX bankruptcy, leading to a broader liquidity crisis. Other co-CEOs were also acquitted, while the COO received a prison sentence for embezzlement.

South Korea's Financial Services Commission has ordered Apple to remove 14 unregistered crypto apps, including KuCoin and MEXC, from its App Store, effective April 11. This action follows a similar ban on Google’s Play Store as the country intensifies regulatory measures against unregistered foreign crypto services. Violating these regulations can lead to severe penalties for providers.

Lee Jae-myung, South Korea's leading presidential candidate, has pledged to push for the approval of spot crypto ETFs, which are currently banned in the country. His commitment aims to create a safer investment environment for younger South Koreans amid structural economic challenges. The country's financial regulator has expressed support for this initiative.