Internet reports that South Korea's Democratic Party leader Lee Jae-myung has reportedly become the latest presidential candidate to promise to approve spot cryptocurrency exchange-traded funds (ETFs) and other crypto-friendly measures if elected. Lee Jae-myung announced his cryptocurrency commitment on May 6 as part of a broader initiative to provide more investment opportunities for South Korea's young people, one of the main target groups for the upcoming June 3 election. "I will create a safe investment environment where young people can [accumulate] assets and plan for the future," the Korea Economic Daily (KED) quoted Lee Jae-myung as saying in Korean. He also promised to legalize spot cryptocurrency ETFs, reduce transaction fees and take more consumer protection measures.