Australia’s 2025 federal election has delivered a decisive result: the Labor Party has secured an outright majority, winning over 10 seats more than the 76 required to form government. With a stronger mandate and a reshaped Parliament, the direction of crypto regulation in Australia is about to shift — quickly.

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Labor’s Moment — and Mandate

Labor’s gains were largely driven by wins in Queensland, where they picked up seats from both the Coalition and The Greens. With new MPs now occupying those benches — many of whom lack a background in financial services — crypto natives have a unique window to engage and educate. Dr Andrew Charlton is tipped to take over as Minister for Financial Services, following the retirement of Stephen Jones. Charlton, known for his interest in digital economy reform, is expected to accelerate the government’s post-election commitment to regulating crypto. Draft legislation is anticipated in the coming months, which could finally bring clarity to Australia’s patchwork digital asset framework.

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Crypto Loses Key Coalition Allies

The election dealt a significant blow to crypto advocates within the Coalition. Several prominent supporters lost their seats, including:

- Peter Dutton, Leader of the Opposition

- Luke Howarth, former Shadow Financial Services Minister

- Aaron Violi, vocal supporter of crypto regulation

- Paul Fletcher, former Digital Economy Minister (retired)

With no new Coalition MPs entering Parliament, and key reformers now out, the opposition's capacity to influence digital asset legislation in the short term has been diminished. Still, Senators Andrew Bragg and Jane Hume remain, and will likely continue pushing for financial reform from the shadow ministry.

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Independents and the Crossbench: A Mixed Bag

The independent crossbench will largely return intact. While Teal independent Zoe Daniels may lose her seat, Allegra Spender, a known supporter of digital asset innovation, has been re-elected. Another potential Teal, Nicolete Boele, is currently leading in Bradfield but has yet to voice a stance on crypto. The Greens have suffered significant losses, likely dropping from four seats to just one or two. This could reduce anti-crypto pressure in Parliament, though broader sentiment from the crossbench remains varied.

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What's Next for Crypto?

With a clear majority and crypto regulation on its to-do list, the Albanese Government now has both the power and momentum to act. The departure of seasoned crypto advocates in the Coalition is a loss, but it also highlights the need for industry voices to step up and engage directly with a new cohort of MPs — especially those unfamiliar with the technology and its potential.For the Australian crypto sector, this is a critical moment: educate, engage, and shape the regulatory environment before it’s shaped without you.

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