A few points about this case, although note I'm not a lawyer, just interested in digital currency law. 1) This is an elected state court judge, anecdotally one

A few points about this case, although note I'm not a lawyer, just interested in digital currency law. 1) This is an elected state court judge, anecdotally one of the worst states for high quality judges. So, this is not a considered opinion from a federal judge. It is unlikely to have long term impact. 2) It looks like the purpose of this sting was to get someone on state Money Transmittal laws, levered up with some sort of racketeering type charges. When it comes to opining on whether something is money for the purpose of Money Transmittal, it makes a lot of sense to be conservative about the definitions, and this is the angle I would expect a good defense attorney to take -- prove the state has the right to enforce this law in this circumstance.. All that said, this isn't the first attempt Florida law enforcement has made at turning a bitcoin exchange into a crime. Hopefully a ruling like this will put them on to more useful activities.