ASIC Seeks Review of Decision on Block Earner Crypto Investment Product

Australia’s securities regulator, the Australian Securities and Investments Commission (ASIC), has applied for special leave to appeal a decision by the High Court of Australia regarding Block Earner’s crypto investment product. The Full Federal Court previously ruled in favor of Block Earner, determining that its product isn’t considered a financial product under Australian law. ASIC argues this ruling could affect how digital assets and interest-earning options are regulated across the broader financial sector.