ICX Rallies as South Korean Pro-Crypto Presidential Candidate Claims Victory  

South Korean Presidential aspirant, Yoon Suk-Yeol, has won the country’s top job causing ICON’s ICX token to rally 60% before retracing to around 40% gains. 

Digital assets took center stage in the presidential debate, with rival candidates launching campaign-related NFTs. 

The conservative candidate Yoon promises to deregulate the country’s digital asset sector, winning the support of the young populace. 

The new leader wants to create blockchain tech-related startups that will grow more than $1 billion in valuation in his term. 

The cryptocurrency enthusiasm among the contesting parties was a deviation from President Moon Jae-In’s unfavorable policies in the sector. 

Yoon publicly created his signature on the ICON blockchain in December 2021 in a publicized event that popularized the token amid a lack of regulatory framework in the sector. 

Source: Cointelegraph

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