A lawsuit aimed at removing the need for a BitLicense has been dismissed by the New York State Supreme Court. With a court date initially deferred until January 11 by Judge St. George, it appears that the Court has made a decision earlier than anticipated.

The action was taken in October 2015 by entrepreneur Theo Chino, suing the New York State Department of Financial Services (NYDFS) for over-regulation of the cryptocurrency industry.

Chino claims that he was forced to close his bitcoin business due to the state’s requirement to operate under the license. The license is currently a necessary requirement for any New York-based bitcoin firm.

Details of the lawsuit confirm that Chino, who filed the lawsuit alone, declared the license to be too restrictive, in addition to increasing operations costs to unreasonable levels. The license itself costs $5000 and is non-refundable, although extra-legal and time-related fees can result in much higher outgoings. The Bitstamp exchange estimates that these costs could total around $100,000 for some businesses.

While Chino has yet to publicly comment on the outcome, sources are saying that the former businessman plans to appeal the decision and keep fighting for the removal of the BitLicense law.