1. Consumer Protection
2. Pro-Democracy
3. Intellectualism

The Digital Assets (Market Regulation) Bill 2023 is essential for safeguarding consumers in the rapidly evolving digital asset market. By establishing a robust regulatory framework, the bill provides the necessary oversight to protect consumers from fraud and financial losses, as evidenced by recent exchange collapses like FTX and Blockchain Global Limited [Judgment]. Furthermore, the bill's emphasis on transparency and disclosure requirements enhances the integrity of the digital asset market, fostering trust and informed decision-making among investors [Judgment]. Finally, the bill aligns with international standards, promoting Australia's standing as a well-regulated financial center [Judgment].

1. Propertarianism
2. Non-Discrimination

The Digital Assets (Market Regulation) Bill 2023 may impose undue regulatory burdens on innovation in the digital asset sector. The stringent licensing requirements and associated costs could stifle entrepreneurship and limit market entry for smaller firms, thereby reducing competition and innovation [Judgment]. Additionally, the bill's extensive monitoring and reporting obligations may infringe on privacy rights, raising concerns about data security and the potential for misuse [Judgment]. Furthermore, the reversal of the evidential burden for possessing recognized foreign licenses may unfairly penalize individuals and entities, contradicting the principle of presumed innocence [Judgment].