Today on the Declare Your Independence with Ernest Hancock Radio Show, Theo Chino, Pierre Ciric talk about challenging New York's bitcoin regulation
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May 16th, 2017
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Theo Chino (Chino v. Dept. of Financial Services, Index # 101880-15 challenging New York's bitcoin regulation)?
Pierre Ciric (attorney)
Challenging New York's bitcoin regulation
BIO: Royal Pain in the Ass for a Better World.
Pierre Ciric (Theo's Attorney)
A Parisian with an MBA from one of France's most prestigious business schools, Pierre Ciric not only has a nuanced understanding of how businesses grow through strategic foresight but also a keen sense of how best to bring business cultures together successfully.
A veteran global financial executive with deep experience in financial control and procurement of major service areas (financial services, marketing consulting, information technologies, human resources and salesforce management), Pierre has a uniquely international purview, with well-honed business skills in all the relevant litigation practice areas.
Article 78 Against NYDFS - A Lawsuit Against the Executive Branch Overreach
Bitcoin Foundation launches Fundraiser.
Pierre Ciric filed a motion to amend original complaint.
Hearing Date: Thusday, June 8, 2017 @ 9:30 am (Date Change)
Justice Lucy Billings
Part 46, Room 204
71 Thomas St, New York, NY 10013
Full show on 2600's website: www.2600.com/offthehook/2017/0317.html (Air Date: March 29th 2017)
Hearing in front of Justice Billings. (3/16/2017)
· Transcript of the hearing (PDF - 209 KB)
What is the case about ? Read this great overview of the case.
CEI Blog: New York's "BitLicense" on Trial.
Pierre Ciric explain Article 78 to Bitcoin Engineers in NYC. (8 minutes)
Pierre Ciric, an expert in Article 78, explained why the department of financial services acted arbitrarily and inappropriately by using Bitcoin companies as "Guinea Pigs" when it promulgated its virtual currency regulation.
Keep up with case developments on the Suprement Court Records On-Line Library
Listen to Ben Laswky at Cardozo Law School using Bitcoiners as Guinea Pigs. (1 minute)
BitLicense can still be stopped if we use this opportunity
Monday, April 10, 2017 - https://bitcoinfoundation.org/bitlicense-theo-chino/
The poorly conceived BitLicense regulation has all but destroyed Bitcoin innovation in New York since it was introduced in June 2015. We can either sit back and wait as regulators around the United States, and the world, start modeling their Bitcoin regulations on the New York example, or we can act. Fortunately, we still have an opportunity to stop the BitLicense regulation and re-energize Bitcoin innovation. If we don't act now, the choice will be made for us.
Our final opportunity to get New York's BitLicense regulation thrown out is to support the only legal challenge against it, filed by Theo Chino, a Bitcoin entrepreneur and lifetime member of the Bitcoin Foundation. Chino and his attorney, Pierre Ciric, intend to pursue this challenge over the long haul, almost certainly all the way to New York's highest court. The first step in this legal process is what is called an Article 78 proceeding, and the essence of Chino's Article 78 petition, filed in October 2015, is that:
The legislature never gave the New York Department of Financial Services (NYDFS) the authority to regulate Bitcoin, and
The regulation is arbitrary and capricious, and/or an abuse of discretion.
The Bitcoin Foundation has created a special BTC wallet to assist with raising funds for the necessary legal fees to continue challenging these regulations. The Foundation will disburse amounts from this wallet on the presentation of invoices for legal fees incurred in this matter and signed off by Chino.
We may need to raise between $100,000 and $200,000, depending on the number of steps involved in the legal process, which means we need your BTCs now more than ever, in order to stop the Bitlicense regulation in its tracks, before it sets a global precedent. This case is scheduled for its next hearing in front of Justice Lucy Billings on Thursday, May 4, 2017. Please donate now to the legal fund in order to move this matter forward.
We need all the funds we can get, as the legal process may be very long and legal fees will stack up quickly.
Please give as much as you can at this address:
All contributions are deeply appreciated, though larger contributions of $1,000 and up will go especially far in moving this case forward. Unused funds will be returned pro rata with our thanks.
If you'd like to get in touch with Theo Chino directly about how you can assist with raising awareness for this fight, especially in local and international press, please reach out to him on his website at http://www.article78againstNYDFS.com.
A special thanks to Jim Harper for his assistance with the preparation of this email, based on his excellent summary of the matter.