Odaily News The Australian Securities and Investments Commission (ASIC) is seeking to appeal to the High Court to re-rule that fintech company Block Earners DeFi product Access is a financial product. In March 2024, the High Court dismissed ASICs 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 Earners 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 ASICs appeal was also dismissed in April 2025. (CoinDesk)