From piperalderman.com.au: Block Earner won a significant legal victory when the Full Federal Court ruled that its fixed-yield product did not qualify as a financial product under the Corporations Act, thus not requiring an Australian Financial Services Licence.

This decision marks a departure from a previous ruling that mandated licensing and highlights the need for more tailored regulatory frameworks for innovative financial products in Australia.

President Trump signed legislation nullifying an IRS rule that had expanded broker definition for DeFi platforms, indicating a more favourable regulatory environment for cryptocurrency innovation in the U.S.