The Federal Court of Australia overturned a previous adverse judgment against crypto lending platform Block Earner, finding that its crypto-backed Earner products did not violate local financial regulations. The court ruled that Block Earner's blockchain lending products are fixed-term loan agreements, not financial investment products that require regulatory approval. The court not only rejected all the claims made by the Australian Securities and Investments Commission (ASIC), but also asked ASIC to bear the full litigation costs of the original trial and appeal. The three-year legal dispute began in November 2022, when ASIC accused Block Earner of violating Australian financial services laws. Although after this legal victory, Block Earner reportedly has no plans to re-launch Earner products in the Australian market at this time.