According to a report by CoinDesk on May 21, PANews stated that the Australian Securities and Investments Commission (ASIC) is seeking to appeal to the High Court to re-determine that the DeFi product 'Access' from fintech company Block Earner is a financial product. In March 2024, the High Court previously dismissed ASIC's allegations that the product required a license to operate. ASIC indicated that this move aims to clarify the definitional standards for financial products, which should apply to all products including cryptocurrencies. The High Court will hear its application on an undetermined date. The court previously made a distinction in its rulings on two of Block Earner's products: it ruled that the 'Earner' product constituted unlicensed financial services but dismissed similar allegations against 'Access'.
In June 2024, the court revoked the 350,000 AUD fine faced by Block Earner for its 'Earner' product, and the appeal filed by ASIC was also dismissed in April 2025.