Crypto Industry Celebrates Appointment of Pro-Crypto Minister in Australia

Australia’s crypto community is applauding the appointment of Andrew Charlton as Assistant Minister for the Digital Economy, AI, and emerging technologies—viewing it as a major win for the industry.

Prime Minister Anthony Albanese announced Charlton’s new role on May 12, stating he will work alongside Minister for Industry and Innovation Tim Ayres to oversee emerging tech, science, and innovation policy. The move follows the reelection of the center-left Labor Party and is seen as a clear signal of the government's commitment to modernizing the economy.

Charlton Seen as a Crypto Ally

Charlton has previously shown strong support for the crypto space. In a 2023 speech to Parliament, he called for a balanced regulatory framework that would encourage innovation without stifling growth.

Jason Titman, CEO of Australian crypto exchange Swyftx, described Charlton’s appointment as "unequivocally good news for crypto in Australia." He said the blockchain sector is likely “cheering,” adding that Charlton possesses both “a deep understanding of blockchain” and “a genuine belief in its potential to support the Australian economy.”

Roughly 6.2 million out of Australia's more than 26 million population have owned or still own crypto. Source: Independent Reserve

Titman also expressed hope that Charlton, along with newly appointed Assistant Treasurer Daniel Mulino, would help fast-track long-awaited digital asset legislation, noting that the industry has been waiting “six or seven years” for clear regulation.

Industry Growth and Momentum

The sentiment was echoed across the sector. Vakul Talwar, head of Crypto.com’s Australian operations, said Charlton’s new role reflects the growing relevance of the digital economy. He noted the importance of implementing appropriate regulations as digital assets continue to merge with traditional financial systems.

According to April 2025 data from Independent Reserve, 31% of Australian adults—or roughly 6.2 million people—currently own or have previously owned cryptocurrency. That figure is up from 28% last year, highlighting rapid adoption.

Edward Carroll, head of global markets at MHC Digital Group, said Charlton has long understood the need for a "constructive and innovative financial ecosystem." He emphasized that Charlton’s commitment to digital assets and blockchain regulation would help Australia keep pace with the evolving global regulatory landscape.

A Strong Policy Signal

Damian Kassabgi, CEO of the Tech Council of Australia, also welcomed the development. He said that adding “digital economy” to the ministry’s title sends a strong signal of the government’s commitment to future-focused industries and job creation.

The Labor government has already taken several steps toward crypto regulation. In March 2025, it proposed a new framework that would regulate digital asset exchanges under existing financial services laws and tackle issues like debanking. It also initiated a series of industry consultations back in August 2022 to help shape comprehensive legislation.

Summary:

Australia’s crypto sector is optimistic after Andrew Charlton's appointment as Assistant Minister for the Digital Economy. Known for his blockchain advocacy, Charlton is expected to fast-track long-delayed regulations and support innovation in one of the world’s fastest-growing digital asset markets.