The Block Earner case is the latest in Australia’s legal challenges surrounding regulating crypto-related financial services. It shows ongoing regulatory uncertainty around whether yield-generating crypto products fall within the scope of existing financial laws. This is not the first time ASIC has faced a crypto firm in court. In 2023, the regulator took action against Finder Wallet and BPS Financial over similar allegations related to interest-earning crypto products.
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Donald Trump’s re-election has led to expectations of major changes in U.S. cryptocurrency regulations. Recent executive orders suggest that regulatory changes could soon affect the cryptocurrency industry. In an interview with Cryptonews, William Quigley, co-founder of Tether and WAX, shared his insights into what the next four years under Trump could mean for the industry.
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