From piperalderman.com.au: The ATO may face a $600 million Bitcoin refund bill if a recent legal case determines Bitcoin is classified as money rather than property, challenging five years of existing tax rulings.

The US Senate’s GENIUS Act, which aims to regulate stablecoins, recently passed a crucial vote, potentially leading to significant investment in the crypto sector.

ASIC has sought to appeal a Federal Court decision regarding Block Earner’s fixed-yield crypto product, which was deemed not to be a financial product under the Corporations Act, indicating ongoing regulatory uncertainty in the crypto market.