Odaily Planet Daily News - The Australian Securities and Investments Commission (ASIC) is seeking to appeal to the High Court for a re-evaluation of whether the DeFi product "Access" from fintech company Block Earner qualifies as a financial product. In March 2024, the High Court dismissed ASIC's allegations that the product required a license to operate. ASIC stated that this move aims to clarify the definition standards of financial products, which should apply to all products, including cryptocurrencies. The High Court will hear its application on an undetermined date. Previously, the court made a distinction in its ruling on two of Block Earner's products: determining that the "Earner" product constituted unlicensed financial services but dismissing similar allegations against "Access." In June 2024, the court revoked the 350,000 AUD fine Block Earner faced due to the "Earner" product, and ASIC's appeal against this decision was also dismissed in April 2025. (CoinDesk)