Catenaa, Thursday, September 04, 2025- South Korean lawmakers are investing heavily in cryptocurrencies, including Bitcoin, XRP, and meme coin PEPE, according to a recent media investigation.
Energy Kyungjae analyzed asset declarations from members of the National Assembly’s Culture, Sports and Tourism Committee, revealing a preference for crypto and overseas tech stocks over domestic equities.
The report highlighted Jin Jong-oh, a proportional representative of the main opposition People Power Party, who holds XRP, XCORE, and Paycoin, with his holdings rising fourfold in recent months.
Jin’s mother also reportedly owns Bitcoin, Chiliz, Sandbox, and more than 3.2 billion PEPE coins.
Members of the ruling Democratic Party are also participating in crypto investments. Yang Moon-seok, for example, holds 452 XRP, worth roughly $1,355. Several lawmakers have additionally invested in U.S. tech stocks, including Microsoft, NVIDIA, Apple, Broadcom, and Tesla, as well as unlisted gaming developers such as Xten Games and Memray.
The investigation comes amid the administration of President Lee Jae-myung pushing for deregulation of cryptocurrency markets and capital market revitalization.
Authorities have signaled stricter penalties for deliberate accounting fraud while promoting new stablecoin- and crypto-powered investment initiatives.
Energy Kyungjae noted that committee members appear to prioritize crypto and overseas tech assets, largely ignoring domestic stock markets.
Law requires lawmakers to disclose family assets, revealing further cryptocurrency holdings within households.
