March 17, 2025
Fred Schebesta, co-founder of Finder.com.au and dubbed Australia’s “Crypto King,” has criticized the country’s overregulation, claiming it stifles innovation and prosperity. He recounted his legal battle with the Australian Securities and Investments Commission over his Finder Earn product, which converted Australian dollars into cryptocurrency. Despite the lawsuit’s dismissal, the government appealed the case. Schebesta praised the Trump administration’s supportive stance towards cryptocurrency, contrasting it with Australia’s regulatory hurdles. He advocates for a balanced approach to regulation to foster the growth of the industry, warning that Australia’s current lack of progressive policies may cause the country to lag behind in the crypto space.
