The candidate for the chairman of the Korea FSC has sparked controversy by investing in Strategy and publicly questioning the value of Bitcoin

ChainCatcher news, according to Cryptonews, South Korea's Financial Services Commission (FSC) chairman candidate Lee Eok-won has faced criticism from lawmakers for investing in the stocks of the Bitcoin-friendly American company Strategy. During the confirmation hearing in the National Assembly on September 2, Lee Eok-won stated that he purchased blue-chip American stocks to understand investor sentiment. The FSC is South Korea's top financial regulatory body and has the final say on the country's crypto regulations. Lee Eok-won's portfolio also includes stocks of Nvidia and Tesla, which are seen as contrary to President Yoon Suk-yeol's policy to revitalize the domestic stock market. Additionally, Lee Eok-won has been criticized by the crypto community for his comments on the value of crypto assets, stating that Bitcoin and other cryptocurrencies "have no intrinsic value," and expressing reservations about discussions on whether the government and pension funds might be allowed to launch strategic Bitcoin reserves.