Odaily News The Australian Securities and Investments Commission (ASIC) is seeking to appeal to the High Court to re-rule that fintech company Block Earner's DeFi product "Access" is a financial product. In March 2024, the High Court dismissed ASIC's allegation that the product needed to be licensed to operate. ASIC said the move was intended to clarify the definition standards for financial products, which should apply to all products, including cryptocurrencies. The High Court will hear its application at an undetermined date. The court previously made different rulings on Block Earner's two products: it determined that the "Earner" product constituted an unlicensed financial service, but dismissed similar charges against "Access". In June 2024, the court quashed the A$350,000 fine Block Earner faced for the "Earner" product, and ASIC's appeal was also dismissed in April 2025. (CoinDesk)