South Korea’s ongoing political upheaval continues to derail its economy and crypto markets. XRP and the local currency, the Korean won (KRW), have experienced notable drops in market value amid the impeachment of acting President Han Duck-soo.

South Korea’s opposition-controlled National Assembly voted Friday to impeach acting President Han Duck-soo despite vehement protests by governing party lawmakers, further deepening the country’s political crisis set off by President Yoon Suk Yeol’s stunning imposition of martial law and ensuing impeachment.

South Korea's acting president faces an impeachment vote on Friday, intensifying a political crisis as the Constitutional Court meets for its first hearing on suspended President Yoon Suk Yeol's short-lived martial law declared on Dec.