[2017-04-21] The One Man Supreme Court Bitlicense Battle Begins in Two Weeks

[TwoTimes]

This past March Bitcoin.com reported on a single Bitcoin entrepreneur taking the New York Bitlicense to court due to the law stifling digital currency businesses and constraining regulations set forth by the New York Division of Financial Services (NYDFS). Now the French national, Theo Chino is taking the case to the Supreme Court with the first hearing beginning on May 4.

The New York Bitlicense has always been a contentious subject for bitcoiners ever since the former NYDFS regulator Ben Lawsky introduced the legislation. Since then droves of bitcoin-focused businesses left New York to operate elsewhere and only a few companies have been approved under the license.

Following these events, Theo Chino, a businessman who operated a bitcoin merchant solution service said his business was hurt by the Bitlicense, and he has been concentrating all of his energy towards fighting the regulatory guidelines.

Read More Here >>> https://news.bitcoin.com/one-man-supreme-court-bitlicense-battle-two-weeks/

[Kprawn]

I hope he is succesfull and they nail Ben Lawsky for the damages, because he started a shitshow against Bitcoin in New York and

the BitLicense was just a barrier that was implemented to stall Bitcoin adoption. We would have seen much better adoption, if this

was not done. As usual the powers behind him, will protect him... so this One Man band, will have a tough battle to win. 

[xijieboy-8]

I agree and would like to support any way I can. I am very low income, and just starting to invest in Bitcoin. I will follow this and pray for Chino and Bitcoin Foundations efforts.

[runningm520]

If you just be a man and do as you wish – stop asking for permission … do what you want with your energy, your property… your bitcoin ideas. Research Karl Lentz and the common law – we do still live in common law land…