ChainCatcher news, according to Bloomberg, the cryptocurrency industry will benefit regardless of the outcome of the South Korean presidential election on March 3. Both major presidential candidates in South Korea have pledged to support reforms in cryptocurrency policy, including the legalization of spot cryptocurrency ETFs, easing restrictions on bank cooperation with exchanges, expanding the use of crypto assets, and proposing the issuance of a won-backed stablecoin.Bloomberg explained: "South Korea is one of the most active and enthusiastic cryptocurrency markets in the world, with over a third of the population investing in cryptocurrencies. At times, the trading volume on cryptocurrency exchanges even surpasses that of the Korea Composite Stock Price Index (KOSPI) and the KOSDAQ, highlighting its significance. Major presidential candidates have committed to relaxing regulations, expanding the accessibility of cryptocurrencies, and expressing their support for the cryptocurrency industry."

ChainCatcher news, according to Yonhap News Agency, it is reported by the financial investment community and political circles that the tokenized securities legislation (amendments to the Capital Markets Act and the Electronic Securities Act) currently under review in the South Korean National Assembly is expected to be passed after the presidential election. Presidential candidates Lee Jae-myung and Kim Moon-soo have both emphasized in their campaign promises the need to expedite the legislation for tokenized securities. The legalization bill for tokenized securities received unanimous agreement from both ruling and opposition parties during the 21st National Assembly, but failed to pass due to external factors such as a deadlock in the National Assembly.

ChainCatcher news, according to The Block, South Korean right-wing presidential candidate Kim Moon-soo officially announced on Monday his support for the adoption of a spot cryptocurrency ETF in South Korea as part of his campaign promise.Previously, left-wing Democratic Party candidate Lee Jae-myung also pledged to introduce a spot crypto ETF. The two major party candidates have formed a bipartisan consensus aimed at promoting wealth accumulation for the middle class and providing more opportunities for the younger generation. The chairman of the Financial Services Commission of South Korea stated that discussions on the implementation plan will be held with the new government. The success of the U.S. spot crypto ETF (with net inflows exceeding $43 billion) has become a key factor in prompting South Korea to reconsider such products. The South Korean presidential election is scheduled for June 3, 2025.

ChainCatcher news, according to the Korea Economic Daily (KED), South Korea's Democratic Party leader Lee Jae-myung has become the latest presidential candidate to pledge that if elected, he will approve spot cryptocurrency exchange-traded funds (ETFs) and other cryptocurrency-friendly measures. 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 youth, who are one of the main target demographics in the upcoming June 3 elections.KED quoted Lee Jae-myung saying in Korean: "I will create a safe investment environment that allows young people to [accumulate] assets and plan for the future." He also promised to legalize spot cryptocurrency ETFs, reduce trading fees, and implement more consumer protection measures.

According to ChainCatcher news, the Korea Herald reported that the People Power Party of Korea announced it would abolish several policies, including the "one exchange, one bank" system for virtual assets, as a core commitment for the presidential election.The virtual asset policy proposal put forward by the party mainly includes: lifting the current restriction of "one exchange limited to one bank"; promoting the legalization of virtual asset trading for businesses and institutional investors; introducing virtual asset spot ETFs; advancing legislation for security token offerings (STO); establishing a regulatory framework for stablecoins; formulating the "Basic Law for the Revitalization of Digital Assets"; and constructing an innovative tax system for virtual assets, among seven major measures.These policies aim to comprehensively reform the regulatory framework of Korea's virtual asset market and promote the healthy development of the digital asset industry.

ChainCatcher news, according to a report by Yonhap News Agency on the 7th, the South Korean government has tentatively scheduled the next presidential election for June 3. The State Council will finalize the election date on the 8th.

ChainCatcher news, according to Solana officials, the voting rate for the Solana on-chain governance proposal SIMD 228 has reached 72%, surpassing the voting rates of all U.S. presidential elections in the past 100 years. The chart shows that the voting rates for presidential elections in U.S. history typically range between 50% and 65%.

ChainCatcher news, Cannes Mayor David Lisnard announced on his LinkedIn account that he is promoting the city's merchants to adopt cryptocurrency payment systems and will host the 8th Ethereum Community Conference (EthCC) from June 30 to July 3, 2025.The city government will provide local merchants with training on cryptocurrency payment technology, legal, accounting, and tax issues at the Palais des Festivals on February 4, and plans to release a "crypto-friendly" merchant map. As a three-time World Festival Capital, Cannes is expected to attract over 6,500 registered attendees for this EthCC, with total participation reaching 10,000, including 300 parallel events. Lisnard's move is seen as a strategy for the 2027 French presidential election.

ChainCatcher news, according to Cointelegraph, U.S. SEC Chairman Gary Gensler stated in an interview with CNBC's Squawk Box that he believes the funding from cryptocurrency voters and digital asset interest groups is unlikely to influence the U.S. election, resulting in a victory for President Trump.Gensler will step down on the day of Trump's inauguration, and he discussed his previous talking points on investor protection during his leadership at the SEC in the interview.Gensler said, "I believe that, although as you pointed out, this election has raised funds from the cryptocurrency space, I think it is unrelated to the outcome of this election. The cryptocurrency space is a highly speculative area that has consistently failed to comply with various laws, whether it be anti-money laundering laws, sanctions laws, or securities laws."

ChainCatcher news, U.S. President Biden stated: "Tomorrow is January 6th. We gather here to certify the results of a free and fair presidential election to ensure a peaceful transfer of power." (Jin Shi)

ChainCatcher news, according to Jinshi reports, on November 6 local time, the campaign team of Republican presidential candidate Trump, who had previously announced victory in the 2024 U.S. presidential election, stated that Trump has accepted the invitation from current President Biden to meet at the White House to discuss the presidential power transition. The specific date of the meeting has not yet been announced, but a spokesperson for Trump's campaign team stated that the meeting "will take place very soon" and noted that Trump "greatly appreciates" the congratulatory call from Biden on the 6th.

ChainCatcher news, according to Coindesk, as the AP, Fox, and NBC announced Trump's election, the Polymarket U.S. presidential election contract is set to end on Wednesday morning local time.

ChainCatcher news, on the decentralized prediction platform Polymarket, the cumulative trading volume for the 2024 U.S. presidential election has exceeded $3.6 billion.As of November 6, Republican candidate Trump has a trading volume of nearly $1.48 billion on Polymarket, while Democratic candidate Harris has a trading volume of $1.01 billion. This week, the trading volume for the U.S. presidential election accounts for 91.2% of the total weekly trading volume on the Polymarket platform.

ChainCatcher news, according to the Financial Times, the 2024 U.S. presidential election has set a record for the highest campaign spending in history. The Trump and Harris camps have raised nearly $4.2 billion in total, with actual spending reaching $3.5 billion.The report shows that as of mid-October, the fundraising scale of the two candidates' campaign teams, external support groups, and party committees is basically on par.

ChainCatcher News, U.S. media estimates that Republican presidential candidate Trump has secured at least 270 electoral votes.The U.S. presidential election uses the Electoral College system, where 50 states allocate electoral votes based on population. Securing at least 270 out of 538 electoral votes is required to win.