ASIC Appeals High Court Ruling on Block Earner’s Digital Asset Products

The Australian Securities and Investments Commission (ASIC) has escalated its battle with crypto startup Block Earner to the nation’s highest court, appealing a key ruling from the Federal Court. ASIC is seeking a high court decision that will clarify whether yield-bearing digital asset products are classified as financial products under Australian law. The High Court granted special leave to appeal this week, and ASIC now has two weeks to formally submit its case.