[2017-03-22] Press Release: BITLICENSE LAWSUIT: JUDGE DECLINING TO DISMISS

[theochino]

Good Morning,

This morning we sent the following press release to a few thousand outlets across the United States. If you know any local journalist in your community, please reach out to them.

If you want to become the local bitcoin expert, let me know. Change the Press Contact to your name and let them know that you are part of the local community.

You will find the PDF Version here : http://www.article78againstnydfs.com/docs/PressRelease/PressReleaseCHINO-03-22-2017.pdf

This is a great opportunity to put Bitcoin on the spotlight.

Regards,
Theo Chino
http://www.article78againstNYDFS.com/testimony.php

NY BITLICENSE LAWSUIT: JUDGE DECLINING TO DISMISS THE CASE & RESCHEDULING ORAL ARGUMENTS
FOR IMMEDIATE RELEASE[/b]

Press Contact:
Theo Chino
212-694-9968, a78gnstNYDFS@theochino.com

March 21, 2017, New York, NY – On March 16, 2017 at 9:30 AM, a hearing took place in a challenge against the New York Bitlicense regulation before Hon. Judge Lucy Billings (Chino vs. NY Dept. Financial Services (“NYDFS”), Index No. 0101880-2015).

During the hearing, Hon. Judge Lucy Billings chose not dismiss the case as requested by NYDFS. Instead, she decided to hear all factual and legal issues raised by Theo Chino and wanted to hear oral arguments on all issues at a later date. A new hearing date is expected for May 2017.
“Just the fact that the judge wants to hear this case is a huge deal against ‘Overreaching Double Dealing Lawskys’ legacy,” said Chino.

In 2015, NYDFS promulgated its controversial “Virtual Currency” regulation (Part 200 of Chapter 1 of Title 23 of the New York Codes, Rules and Regulations), also known as BitLicense, aimed at regulating Bitcoin and other cryptocurrency businesses in New York. In October 2015, Theo Chino filed an action in New York State Supreme Court against NYDFS arguing that the agency exceeded its regulatory mandate, and that regulating Bitcoin lies with the legislature, not with the agency.

The 2015 promulgation of the regulation has had strong ripple effects for small businesses in New York. Reuters, in October 2016, quoted GoCoin CEO Steve Beauregard as saying that securing a New York license was not worth the effort: "It's too overreaching and burdensome, especially for the smaller companies." Furthermore, since the promulgation of the regulation, New York has seen Bitcoin businesses moving to other states where regulation is friendlier and less costly. Other businesses had to close down or abandon their Bitcoin expansion.

For more information on the lawsuit and to follow the progress, visit http://www.article78againstnydfs.com.

# # #

[Carlton Banks]

Massive victory for those wanting to defeat the BitLicence!!!


....or, just one layer of gangsters approving that another layer are free to milk this latest show at the justice theatre for all it's worth?



Why would the most sophisticated protection racket in history do anything else

[Kprawn]

They should address the elephant in the room.... Why did they make the BitLicense so complex that you had to hire someone to help you to apply for

it and why did Lawsky move from his job to go to work for these companies? Did they create this to "create" jobs for themselves or did they do this to

slow down Bitcoin growth? These are the issues that needs to be answered.... These MOFO's wanted to slow down Bitcoin and they succeeded to chase

away small businesses. {The exclusive club was closed for new members} 

Now the SEC did the same with the ETF decision.... 

[TraderTimm]

Sadly having seen US Justice up close, I'm not holding my breath.

Its slightly encouraging, but the judge could just fold and side on the Lawsky camp anyway.

[theochino]

Sadly having seen US Justice up close, I'm not holding my breath.

Not in New York .... justice is really blind; it depend on the forum.
For example, here; they asked me to shut up New York style, so I did New York style: https://www.youtube.com/watch?v=oXgADV1M7AE

Its slightly encouraging, but the judge could just fold and side on the Lawsky camp anyway.

I am part of the political establishment and I know that a Judge need to show impartiality; and this judge is known to be just.

http://www.campaignliterature.com/images/political/billing3pic.pdf

http://www.therobingroom.com/newyork/Judge.aspx?id=128
http://webcache.googleusercontent.com/search?q=cache:pXMZjpcFdGEJ:www.politico.com/states/new-york/albany/story/2011/11/occupy-wall-street-finds-a-friend-in-justice-lucy-billings-000000+&cd=7&hl=en&ct=clnk&gl=us
http://www.parentadvocates.org/nicecontent/dsp_printable.cfm?articleID=8324