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ASIC Seeks High Court Appeal in Block Earner Crypto Yield Case

  • ASIC is seeking a High Court appeal in the Block Earner crypto yield case after a ruling in favor of Block Earner by the Full Federal Court.
  • ASIC wants clarification on the treatment of interest-earning and asset conversion products under the Corporations Act, believing it to be in the public interest.
  • The CEO of Block Earner mentioned that the High Court appeal extends beyond their platform and the crypto industry, addressing broader legal questions on financial product definitions.
  • In a previous ruling in February 2024, Block Earner was found to be involved in unlicensed conduct, but the Full Federal Court overturned this decision in April 2025.

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