A quick update on the Bitcoin case under discussion last week: The scheduled hearing took place yesterday 3/16/2017 before Judge Billings. On the Plaintiff's side appeared the attorney and assistant attorney of Theo Chino and 7 members from the Bitcoin community, friends and interested parties, including a law PhD from Zurich, who is at Columbia University, NYC for a guest semester. On the defense side were the AG's office attorney, assistant attorney and in the gallery 2 presumed individuals from the NYDFS for observation. To the surprise of some, Judge Billings decided to grant oral arguments on a future date to be announced but as early as May 2017. The next hearing will address: the defense's motion to dismiss based on standing (Judge Billings perceives this to be the larger hurdle) and the crux of the case, if DFS has authority to regulate and with it the determination if Bitcoin is a currency or commodity. Here is recap that appeared yesterday on Bitcoin Center New York: https://bitcoincenternyc.com/bitcoin-news/new-yorks-bitlicense-challenged-court