Australia’s financial regulator will seek the High Court’s permission to appeal a lower court’s ruling favoring fintech firm Block Earner, which found the company’s crypto-linked fixed-yield earning service is not a financial product.

and the conversion of assets from one form to another are regulated. ....

A Democratic representative in the US Congress will support a blockchain bill at a time when many left-leaning lawmakers are blocking crypto-related pieces of legislation due to concerns with President Donald Trump’s potential conflicts of interest.

he had reintroduced the Blockchain Regulatory Certainty Act, a bill that “solidifies that digital asset developers and service providers that do not custody consumer funds are not money transmitters.” Emmer, a Republican, said Democratic Representative Ritchie Torres would co-lead the bill, making it a bipartisan effort in Congress.

“The Blockchain Regulatory Certainty Act reflects a thoughtful, bipartisan effort to get digital asset policy right,” said Torres.

VanEck plans to launch a private digital assets fund in June targeting tokenized Web3 projects built on the Avalanche blockchain network, the asset manager said in a statement shared with Cointelegraph. ....

Today in crypto, Bitcoin has topped $110,000 for the first time and continued to climb, Texas’ House passed a Bitcoin reserve bill, and DWF Labs’ Andrei Grachev said the GENIUS Act could legitimize stablecoins for institutions.

late on May 21 after it gained over 3% in the past day and continued its rally early into May 22 to a high of nearly $112,000 as of 4 am UTC. ....