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South Korean lawmaker report states that only holding 'crypto dust,' the proportion of encrypted holdings in the total assets is 0.01%
South Korean lawmakers reportedly only hold a small amount of cryptocurrency (crypto dust), and many lawmakers who hold cryptocurrency have sold their holdings, possibly due to political scandals related to cryptocurrency. "crypto dust" refers to small amounts of encryption assets, usually unable to be traded due to the small amount. This dust usually accumulates after the Cryptocurrencyholder sells off their largest Holdings, leaving behind small amounts of Cryptocurrency that often do not meet the minimum trading limit of the exchange. Out of the 300 elected members of the National Assembly, only 36 indicated that they held Cryptocurrency with non-zero value before the election on April 10. However, CryptocurrencyHoldings accounted for only 0.01% of the total assets of all 300 members, which is an 'absolutely negligible amount'. In addition, many lawmakers who have announced their ownership of Crypto Assets seem to have quickly taken action to dispose of their encryption assets. For example, Chun Ha-ram of the New Reform Party reported that his wife had 11 encryption wallets with Tokens worth a total of 22,000 Korean won ($16.51), and "(we) sold all the tradable Cryptocurrencies, leaving only a small amount of unusable (dust)." Democratic Party lawmaker Kim Jun-hyeok once declared that he owned BTC worth 114.2 million Korean won (85,700 US dollars), but "disposed of all" BTC after the declaration. National Power Party lawmaker Park Chung-kwon declared ownership of 58.8 million Korean won worth of SOL before the election, but sold all SOL Holdings in February this year. Records show that many legislators also immediately choose to sell the Airdrop Cryptocurrency after receiving it. (Sisa Journal)