Odaily News According to Korean media reports, the Democratic Party of South Korea plans to ask financial regulators to review the currently banned spot Bitcoin ETFs. The opposition Democratic Party won a landslide victory in the general election in April, winning 175 of the 300 seats in the local legislature, while the ruling Conservative Party won 108 seats. The Democratic Party has promised to enable local financial institutions to launch spot crypto ETFs and allow retail investors to purchase these funds through tax-free accounts. According to BloomingBit, a member of the Democratic Party said that once South Korea's 22nd National Assembly begins in June, the Democratic Party plans to ask the country's top financial regulator, the Financial Services Commission (FSC), to review spot Bitcoin ETFs with the aim of opening such products locally. (The Block)