$600M CRYPTO AD BAN CLASS ACTION FILED IN AUSTRALIAN COURTS

The digital landscape has become a battleground, and the latest skirmish is a $600 million class action lawsuit filed in the Federal Court of New South Wales. This subreddit is for users of Bitcoin in Australia. Coins. Crypto. Cardano Dogecoin $600M Crypto Ad Ban Class Action Filed in Australian Courts .Leading the charge is JPB Liberty, an Australian law firm taking on tech giants Google, Facebook, and Twitter (now X) for allegedly engaging in anti-competitive behavior. $600M Crypto Ad Ban Class Action Filed in Australian CourtsSource: CointelegraphPublished onThe core of the issue?A ban on cryptocurrency-related advertising implemented in 2025. Advokatfirman JPB Liberty l mnade in en grupptalan vid Federal Court of New South Wales tidigare idag, riktad mot Facebook och Google f r konkurrensbegr nsandeThis move, according to the plaintiffs, stifled the burgeoning crypto industry, leading to significant financial losses for businesses and investors alike. Law firm JPB Liberty filed a class-action lawsuit in the Federal Court of New South Wales earlier today, targeting Facebook and Google for anti-competitiveImagine building a revolutionary platform, only to find your voice silenced by the very channels you rely on to reach your audience.This legal challenge, spearheaded by Sydney lawyer Andrew Hamilton, seeks to address the perceived injustice and potentially reshape the future of crypto advertising.

This isn't just a local squabble.The implications are global, potentially affecting how tech companies regulate advertising and the degree to which they can influence the cryptocurrency market.With the backing of influential figures like Australian mining magnate Twiggy Forrest, who champions the fight against tech oligarchs, this case carries considerable weight.Will the Aussie battlers triumph against the Goliaths of Silicon Valley?Let's dive into the details of this landmark legal battle, exploring the arguments, the potential ramifications, and what it means for the future of crypto advertising globally.

The Allegations: Anti-Competitive Conduct and Crypto Ad Bans

At the heart of the class action is the accusation that Google, Facebook, and Twitter (X) acted as a cartel in imposing the crypto ad ban. Le cabinet d'avocats JPB Liberty a d pos plus t t dans la journ e un recours collectif aupr s de la Cour f d rale de Nouvelle-Galles du Sud, ciblant Facebook et Google pour pratiques anticoncurrentielles.JPB Liberty CEO Andrew Hamilton argues that these tech behemoths colluded to suppress competition from the blockchain sector.But what exactly does this ""ban"" entail?And how could it be considered anti-competitive?

What was the nature of the Crypto Ad Bans?

The exact restrictions varied across platforms, but generally, the bans targeted advertisements promoting cryptocurrencies, Initial Coin Offerings (ICOs), and related products or services.Some platforms completely prohibited crypto ads, while others imposed strict limitations on the types of crypto products that could be advertised or the audiences they could target.

Here's a simplified breakdown:

• Google: Initially banned crypto ads, then relaxed the restrictions to allow ads for regulated crypto exchanges.
• Facebook/Meta: Initially banned crypto ads, then introduced a policy requiring advertisers to obtain written permission to run crypto ads.
• Twitter/X: Initially banned crypto ads, then reversed its policy under Elon Musk, allowing crypto advertisements that meet certain guidelines.

Why is this considered Anti-Competitive?

The lawsuit claims that the ad bans had a detrimental impact on the crypto industry, arguing that:

• Reduced Visibility: The bans limited the ability of crypto businesses to reach potential customers, hindering their growth and expansion.
• Stifled Innovation: Reduced access to advertising may have discouraged new entrants and limited innovation in the blockchain space.
• Favored Established Players: The bans may have disproportionately affected smaller crypto businesses and startups, giving an advantage to larger, more established companies.

JPB Liberty argues that these bans acted as an artificial barrier to entry, preventing crypto companies from effectively competing with established financial institutions and other industries. Three tech giants - Google, Facebook, and Twitter - are looking at a $600 million class-action lawsuit as multiple Australian crypto entrepreneurs are taking them to court for banning crypto-related advertisements in 2025.They contend that the tech giants used their market dominance to unfairly disadvantage the crypto sector.

The $600 Million Claim: Quantifying the Damage

The sheer size of the $600 million claim underscores the magnitude of the alleged damages. Sydney lawyer Andrew Hamilton s $600 million class-action lawsuit targeting tech giants such as Google, Facebook, and Twitter has been filed in the Federal Court of New South Wales as Australian mining billionaire Twiggy Forrest announces a new alliance aimed at empowering the opponents of tech oligarchs.But how did the plaintiffs arrive at this figure? Law firm JPB Liberty filed a class-action lawsuit in the Federal Court of New South Wales earlier today, targeting Facebook and Google for anti-competitive behavior for banning cryptocurrencyAnd what kind of losses are they claiming?

How are the Damages Calculated?

The damages are based on the collective losses suffered by crypto businesses and investors as a result of the ad bans.These losses could include:

• Lost Revenue: Reduced sales and customer acquisition due to limited advertising reach.
• Diminished Market Value: Decline in the value of crypto assets due to reduced market activity and investor confidence.
• Increased Costs: Higher marketing costs incurred by companies forced to explore alternative, less effective advertising channels.

The lawsuit aims to recover these losses for all members of the class action, including crypto businesses, investors, and individuals who were negatively impacted by the ad bans. Facebook and YouTube are facing a class-action lawsuit alleging anti-competitive behavior in prohibiting crypto advertising in 2025. Law firm JPB Liberty filed a class-action lawsuit in the Federal Court of New South Wales earlier today, targeting Facebook and Google for anti-competitive behavior for banning cryptocurrency advertising in 2025. JPB argues the ban, which was loosened MoreThe claimant sign-ups remain open until August 21, suggesting that the final claim amount could potentially increase.

The Impact on Crypto Markets: A Significant Drop?

The lawsuit asserts that the announcement of the crypto ad bans led to a significant drop in crypto market values, potentially by hundreds of billions of dollars. El bufete de abogados JPB Liberty present hoy una demanda colectiva en el Tribunal Federal de Nueva Gales del Sur, contra Facebook y Google por acciones anticompetitivas.They also allege that crypto exchange volumes decreased as a result.While it's difficult to directly attribute specific market fluctuations solely to the ad bans, the plaintiffs argue that the bans contributed to a negative sentiment and reduced activity in the crypto market.

The Legal Arguments: Anti-Trust Violations and Global Reach

This isn't just a matter of unfair advertising practices; the lawsuit hinges on allegations of anti-trust violations. $600M Crypto Ad Ban Class Action Filed in Australian Courts Open in App. Get 45% Off $600M Crypto Ad Ban Class Action Filed in Australian Courts. Cryptocurrency. Published, .This means that the plaintiffs are arguing that Google, Facebook, and Twitter (X) engaged in illegal activities that harmed competition in the marketplace.But what specific laws are they alleged to have violated?

Anti-Cartel Conduct: A Key Argument

The core of the legal argument revolves around the claim that the tech giants acted as a cartel.In Australia, anti-cartel conduct is strictly prohibited under the Competition and Consumer Act 2010.A cartel exists when businesses agree to:

• Fix prices.
• Share markets.
• Restrict output or production.
• Engage in bid rigging.

The plaintiffs argue that the coordinated crypto ad bans effectively restricted output and suppressed competition in the blockchain sector, thereby constituting anti-cartel conduct. Facebook and YouTube are facing a class-action lawsuit alleging anti-competitive behavior in prohibiting crypto advertising in 2025. Source: Cointelegraph.com Original Post: 0M Crypto Ad Ban Class Action Filed in Australian CourtsThis is a serious allegation that could result in significant penalties if proven in court.

Worldwide Damages: Expanding the Scope

A crucial aspect of the lawsuit is its claim for worldwide damages.This means that the plaintiffs are seeking to recover losses suffered by crypto businesses and investors not just in Australia, but globally.This is significant because it recognizes the borderless nature of the cryptocurrency market and the far-reaching impact of the ad bans.

Australian courts have the jurisdiction to hear cases involving anti-trust violations that affect businesses operating in Australia, even if the conduct occurred overseas.This provides a powerful tool for pursuing damages against multinational corporations like Google, Facebook, and Twitter (X).

The Players Involved: JPB Liberty, Andrew Hamilton, and Twiggy Forrest

Understanding the key players involved in this legal battle provides valuable context and insight into the motivations and strategies behind the lawsuit.

JPB Liberty: Advocates for Online Freedom

JPB Liberty is a law firm that describes itself as seeking to preserve freedom and liberty in the online world. Skip to main content Bitcoin Insider. MenuThis suggests that the firm views the crypto ad bans not just as a financial issue, but as a matter of principle, arguing that they represent an attempt to stifle innovation and control information in the digital realm.

Andrew Hamilton: The Leading Lawyer

Andrew Hamilton, CEO of JPB Liberty, is the driving force behind the class action. Facebook and YouTube are facing a class-action lawsuit alleging anti-competitive behavior in prohibiting crypto advertising in 2025. Law firm JPB Liberty filed a class-action lawsuit in the Federal Court of New South Wales earlier today, targeting Facebook and Google for anti-competitive behavior for banning cryptocurrency advertising in 2025.As a Sydney lawyer, he has a deep understanding of Australian competition law and a strong commitment to representing the interests of the crypto community.

Twiggy Forrest: A Champion Against Tech Oligarchs

The involvement of Australian mining billionaire Twiggy Forrest adds significant weight to the lawsuit.Forrest has been a vocal critic of tech giants and their perceived abuse of power.His support for the class action reflects his broader commitment to empowering opponents of tech oligarchs and promoting a more equitable digital landscape.

Implications and Future Prospects: What's Next for the Crypto Ad Ban Lawsuit?

The $600 million crypto ad ban class action has the potential to set a significant precedent and reshape the relationship between tech giants and the crypto industry.But what are the likely outcomes? Die Anwaltskanzlei JPB Liberty hat heute beim Bundesgericht von New South Wales eine Sammelklage eingereicht, die Facebook und Google wegen Wettbewerbsverst en ins Visier nimmtAnd what are the broader implications for the future of crypto advertising?

Possible Outcomes: Settlement, Trial, and Appeals

The lawsuit could proceed in several directions:

• Settlement: The tech companies may choose to settle the case out of court, agreeing to pay compensation to the plaintiffs and potentially modifying their advertising policies.
• Trial: If a settlement cannot be reached, the case will proceed to trial, where a judge will determine whether the ad bans violated Australian competition law.
• Appeals: Regardless of the outcome at trial, either party could appeal the decision to a higher court.

The timeline for the lawsuit could be lengthy, potentially taking several years to resolve.

Impact on Crypto Advertising Policies

The lawsuit could influence how tech companies approach crypto advertising in the future.Even if the plaintiffs are unsuccessful in court, the case could raise awareness about the potential anti-competitive effects of ad bans and encourage platforms to adopt more nuanced and transparent policies.

For example, platforms might consider:

• Adopting clear and consistent guidelines for crypto advertising.
• Providing a transparent appeals process for advertisers who are denied permission to run crypto ads.
• Focusing on regulating fraudulent or misleading crypto ads, rather than imposing blanket bans.

Broader Implications for the Tech Industry

The lawsuit could also have broader implications for the tech industry as a whole.It could serve as a warning to tech giants about the potential consequences of using their market dominance to stifle competition.It could also empower other industries and businesses to challenge anti-competitive practices in the digital realm.

Frequently Asked Questions (FAQs)

Who can join the class action?

Anyone holding cryptocurrencies or involved in the cryptocosm who suffered losses as a result of the crypto ad bans may be eligible to join the class action as a class member on a no win no fee basis.

What is the deadline to join the class action?

Claimant sign-ups are set to remain open until August 21 (of the relevant year, which isn't explicitly stated, implying it's the year the lawsuit was filed).

How will the compensation be distributed if the lawsuit is successful?

The compensation will be distributed among the class members based on the extent of their losses. Lo studio legale JPB Liberty ha intentato oggi un'azione collettiva presso la Corte federale del New South Wales, prendendo di mira Facebook e Google per anticoncorrenzialeThe specific details of the distribution will be determined by the court.

Will this lawsuit affect crypto regulations in Australia?

While the lawsuit itself may not directly change crypto regulations, it could indirectly influence them by raising awareness about the need for clearer and more balanced rules for the crypto industry.

Conclusion: A David vs.Goliath Battle for the Future of Crypto

The $600M Crypto Ad Ban Class Action filed in Australian courts represents a significant challenge to the power of tech giants and a bold attempt to protect the interests of the crypto community. $600M Crypto Ad Ban Class Action Filed in Australian Courts Facebook and YouTube are facing a class-action lawsuit alleging anti-competitive behavior in prohibiting crypto advertising in 2025 AustraliaThis legal battle, spearheaded by JPB Liberty and backed by figures like Twiggy Forrest, highlights the ongoing tension between established tech companies and the rapidly evolving blockchain sector. JPB Liberty CEO Andrew Hamilton said the tech giants had acted as a cartel in launching the crypto ad ban, in order to crush competition from the blockchain sector. The suit has garnered more than $600 million worth of claims from across the crypto community, with claimant sign-ups set to remain open until August 21.At its core, this case questions whether tech giants can unilaterally restrict advertising for an entire industry, and whether such actions constitute anti-competitive conduct. 25 subscribers in the mrcryptolive community. Mr Crypto publish live cryptocurrency prices along with constantly updated statistics.The implications extend beyond Australia, potentially influencing crypto advertising policies and serving as a cautionary tale for tech companies globally.

Whether the plaintiffs will ultimately prevail remains to be seen.However, the very fact that this lawsuit has been filed underscores the growing frustration with the perceived dominance of tech giants and the need for a more equitable digital landscape.This case is more than just a legal dispute; it's a symbol of the ongoing struggle for control and influence in the digital age. A class action lawsuit has been filed against Facebook and Google in Australia alleging that the technology companies violated anti-cartel rules by banning all crypto-related advertising.Key takeaways include the significant financial implications of advertising restrictions, the potential for anti-trust violations by tech giants, and the global reach of such legal challenges.The crypto community will be watching closely as this case unfolds, hoping that it will pave the way for a fairer and more open future.If you believe you have been impacted by these ad bans, consider seeking legal counsel to understand your options.The future of crypto advertising, and perhaps even the internet itself, may depend on it.