Australian Securities Regulator Wants to Appeal High Court's Decision on Block Earner
The Australian Securities and Investments Commission (ASIC) is seeking leave to appeal a High Court decision that fintech company Block Earner's Access product is not a financial product.
The High Court in March 2024 dismissed ASIC's allegations that Block Earner had engaged in unlicensed financial services by offering its decentralized finance (DeFi) product Access.
ASIC is seeking clarification on how a financial product is defined which it feels should apply to all products whether they involve cryptocurrency or not.
"The High Court will consider ASIC's application on a date to be determined," ASIC said in an announcement on Wednesday.
The Court gave a split decision over ASIC's case against Block Earner last year, upholding the claim that it had engaged in unlicensed financial services with its Earner product while dismissing the allegations against Access.
Block Earner, which has backing from crypto exchange Coinbase, was however freed from its $350,000 Earner-related fine by the Court in June, which ASIC also appealed. This was eventually resolved in April this year with ASIC's appeal dismissed.
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The platform also maintains a 4.8/5 Trustpilot rating from over 421 verified reviews that reflects genuine user satisfaction rather than marketing hype. Apply to Join Decentralized Masters Directly. The platform's focus on education rather than speculation makes it unique. They emphasize risk management, portfolio diversification, and building self-sufficient analytical skills instead of promising overnight riches like many crypto programs. This educational foundation gives you lasting capabilities to guide through DeFi markets independently. Member success stories demonstrate how quickly they recover their substantial upfront investment. Results range from turning $50,000 into $400,000 within eight months to achieving consistent returns between 5x and 120x on specific investments, highlighting the platform's value. The 70% retention rate-nowhere near industry standards-confirms that members continue finding value long after their original enrollment. 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How much does Decentralized Masters cost and what's included? While exact pricing isn't publicly listed, membership starts around $5,000 with different tiers available. The program includes access to educational materials, mentorship calls, research reports, and advanced strategy workshops, depending on the chosen tier. It's recommended to have at least $10,000 available for DeFi investments to fully benefit from their strategies. Q3. What kind of results can members expect from Decentralized Masters? Results vary, but many members report substantial returns. The platform claims a 301% average performance across 450+ market recommendations with an 86% win rate. Some success stories include members turning $50,000 into $400,000 in eight months, and others achieving returns between 5x and 120x on specific investments. Q4. How does Decentralized Masters differ from other crypto education programs? Decentralized Masters focuses on education rather than speculation, emphasizing risk management, portfolio diversification, and building self-sufficient analytical skills. Their approach combines institutional-level investment analysis with personalized mentorship, and they provide exclusive research on promising DeFi projects before mainstream coverage. Q5. What do reviews say about Decentralized Masters? Decentralized Masters has received positive feedback, with a 4.8/5-star rating on Trustpilot based on over 421 verified reviews. Members frequently praise the quality of mentorship, the structured educational approach, and the platform's ability to break down complex DeFi concepts. The program's 70% retention rate also indicates that users continue finding value long after their initial investment. About is a trusted platform providing financial education, business insights, and unbiased reviews. Our mission is to empower small business owners, retirees, and investors to make informed, confident decisions. CONTACT: Ryan Paulson [email protected] SOURCE: IRAEmpire LLC press release
