Earlier in September 2023, the New York Department of Financial Services (NYDFS) delisted Ripple’s native token, XRP, from its green list. As a result, pro-Ripple lawyer James Murphy fired back, demanding the financial service agency substantiate its reasons for removing the XRP token. 

US Lawyer Investigates XRP Delisting

During a recent interview on the Digital Perspectives YouTube crypto channel with host Bradley Kimes, Murphy delved into the latest developments in the court case between XRP and the United States Securities and Exchange Commission (SEC). The pro-Ripple lawyer placed emphasis on Judge Analisa Torres’s court decision in July, where she ruled that programmatic sales of XRP were not classified as securities. 

According to Murphy, less than two months after Judge Torres’s ruling, the NYDFS withdrew XRP from its roster of green-listed cryptocurrencies for trading in New York, United States. As a result, crypto investors and traders residing in New York are currently unable to access or trade XRP tokens on any platform licensed to operate within the state. 

Expressing his confusion, Murphy revealed that the decision appeared illogical considering the fact that XRP had finally gained regulatory clarity following Judge Torres’s ruling. In an attempt to uncover the motives behind the NYDFS’s actions, the pro-Ripple lawyer filed a Freedom of Information Act (FOIA), urging the NYDFS to disclose information regarding the delisting of XRP from its green list. 

“I would like to have every single document, slip of paper,

Go to Source to See Full Article
Author: Scott Matherson

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details