The government wanted to throw me in jail for 5 years. But after nearly 3 years of uncertainty and legal battles, WE WON!. The Full Federal Court of Australia has dismissed ASIC’s appeal against Wallet Ventures today. Here’s why it’s a win for crypto and what I learnt 🧵👇

15/ Australia, you deserve financial innovation. You deserve better. And we’ll keep building it, the right way. Let’s go!.

14/ Thank you to everyone who stood with us. To our team. Our community. Our customers. And to the legal experts who believed in this cause.

13/ This was never just about Finder. This was about the future of finance in Australia. About innovation. About fair access. About showing that new doesn’t mean bad, it means brave.

12/ We’re not cowboys. We’re builders who believe in pushing Australia forward, towards fintech excellence and global leadership.

11/ This is not a bucket shop industry anymore. Crypto is sophisticated, global and growing. Australians deserve to be part of that. And they deserve to do it with trustworthy crypto exchanges you can compare on Finder since 2017.

10/ Crypto is no longer a fringe idea. It’s a $2.5 trillion asset class. It has staking, NFTs, yield, lending, real-world assets. It deserves a safe, compliant way to access it, just like the early days of stock brokerages.

9/ We didn’t do this for ourselves. We did this because Australians deserve more. They deserve access to global financial innovation. They deserve to not be left behind.

8/.And today, it did!. The Full Federal Court dismissed the appeal. We’ve won again. And we’re proud. Proud of what we built. Proud of the team that stood by this idea. And proud of the customers who trusted us.

7/ But the story didn’t end there. ASIC appealed. And we waited. For another 16 months. Hoping that common sense would prevail.

6/ The legal process was long. 17 months of arguments, paperwork, sleepless nights. But in March 2024, the Federal Court ruled in our favour. A landmark win for innovation in Australia.

5/ Then, in December 2022 – 12 months after we launched – ASIC announced it was suing us. For creating what they called an unlicensed financial product. We were shocked. But we were ready to fight.

4/ We weren’t reckless. We got legal advice. We engaged with ASIC before we launched. We told them what we were doing. We asked them if a licence applied. We said, “If one exists, we’ll get it.”. We wanted to be licensed. We wanted to do the right thing.

3/ Building Finder Earn wasn’t easy. We built it to fit within existing regulations but it was not perfect. No licence that applied. No form to fill out. Just a belief that Australians deserve access to emerging financial opportunities safely and responsibly.

2/ In late 2021, we built something bold: Finder Earn. A crypto yield product designed to help Australians grow their wealth in a new way. In total, customers earned over 500,000 TAUD in yield. It was unlike anything we’d ever launched.

Congratulations to the @DigitalXLtd team and @ysiu on this new treasury raise.

I am thinking of deep diving into these crypto treasury companies. I think this is the new frontier.

Drinking alcohol has lost its cool.

It’s really tough to tariff your Bitcoin.

If history repeats, BTC still has ~200 days left to peak