South Korean lawmakers' cryptocurrency holdings exposed: favoring BTC, XRP, and PEPE, with favorable policies boosting market expectations.

A recent survey shows that several members of the South Korean National Assembly's Culture, Sports and Tourism Committee hold cryptocurrencies such as Bitcoin (BTC), Ripple (XRP), and meme coin PEPE, while also investing heavily in U.S. tech stocks and unlisted gaming companies. This trend corresponds with the Lee Jae-myung government's push for capital market liberalization and relaxation of encryption policies, possibly indicating that a new round of crypto financial reform is imminent in South Korea.

South Korean lawmakers' preferences for crypto asset allocation: XRP and PEPE are favored

According to a survey by the South Korean media "Energy Economy", among the 16 members of the Culture, Sports and Tourism Committee of the National Assembly, many have shifted their investment focus to Crypto Assets, overseas tech stocks, and equity in unlisted companies, rather than the domestic stock market. The most active crypto investor is Jin Jong-oh, a proportional representative from the largest opposition party, the "People Power Party".

Currently, he holds 3,359 XRP, 8 XCORE, and 214 Paycoin (PCI), with the recent asset value skyrocketing from $1,768 to $9,579, an increase of more than four times. According to South Korea's "Public Officials Ethics Act," the assets of the direct relatives of lawmakers must also be disclosed. Investigations show that Representative Jin's mother has also diversified her crypto assets, holding Bitcoin, Chiliz (CHZ), The Sandbox (SAND), and over 3.2 billion PEPE.

The ruling party members are also optimistic about Crypto Assets, and US tech stocks have become another focal point.

The ruling party "Democratic Party of Korea" member Yang Moon-seok also holds 452.6 XRP (approximately $1,355). In addition to crypto assets, several committee members have invested in U.S. tech giants such as Microsoft, NVIDIA, Apple, Broadcom, and Tesla, while some funds have flowed into unlisted gaming companies like Xten Games and Memray.

This investment preference aligns with President Lee Jae-myung's strategy of the "KOSDAQ 5000 Era." The new government plans to promote policies for revitalizing the capital market, relax regulations on the crypto market, and encourage investments in stablecoins and crypto assets, aiming to activate the currently sluggish South Korean stock market.

Policy and investment behavior are linked, releasing optimistic signals in the market

While lawmakers promote crypto-friendly policies, they personally invest in assets such as Bitcoin, XRP, and PEPE, sparking public discussions about the bias of policies and the compliance of insider information. However, this also indirectly reflects the recognition of the high levels of South Korea regarding crypto assets as a new growth momentum.

The South Korean National Assembly is currently reviewing several bills related to tax reductions for cryptocurrency trading, the legalization of IEOs, and support for the metaverse and GameFi industries. If these policies are implemented, they could further stimulate the development of the South Korean crypto market.

Conclusion

The behavior of South Korean lawmakers holding crypto assets reflects personal investment choices and aligns with the national financial strategy direction. As policy expectations gradually clarify, assets such as XRP, PEPE, and BTC are expected to gain more attention and capital inflows in the South Korean market. Investors should closely monitor various policy decisions in October to seize structural opportunities within the context of compliant development.