tl;dr
In September 2023, the New York Department of Financial Services delisted Ripple's XRP, prompting pro-Ripple lawyer James Murphy to demand an explanation for the decision. Murphy highlighted Judge Analisa Torres's ruling that XRP is not a security, raising questions about the NYDFS's move. The agenc...
In September 2023, the New York Department of Financial Services delisted Ripple's XRP, prompting pro-Ripple lawyer James Murphy to demand an explanation for the decision. Murphy highlighted Judge Analisa Torres's ruling that XRP is not a security, raising questions about the NYDFS's move. The agency has yet to disclose its reasons for delisting XRP, leading Murphy to file a Freedom of Information Act request. He also suggested potential external influence on the NYDFS's decision, aiming to uncover communication between the NYDFS and other agencies.
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. During a recent interview on the Digital Perspectives YouTube crypto channel, 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. Murphy suggested potential external influence on the NYDFS's decision to delist XRP
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