South Korea Elects Pro-Crypto President, Bitcoin Surges

In South Korea, pro-crypto candidate Lee Jae-myung has been elected president, vowing to modernize the country's financial infrastructure and allow its national pension fund to invest in Bitcoin. Bitcoin prices surged after his win, reaching 149 million Korean won. Meanwhile, California is moving closer to formally integrating cryptocurrency into its state operations with a regulatory framework for digital financial assets. The state hopes to allow certain government obligations to be paid in crypto, joining other states like Florida, Colorado, and Louisiana.