XRP Attorney Addresses New York's Delisting of Ripple and Dogecoin, Denies Political Intentions

Crypto News
Crypto News

19 Sep 2023 12:12 PM

The New York Department of Financial Services (NYDFS) introduced updated standards for its virtual currency oversight while removing Ripple (XRP) from "its approved list of cryptocurrencies."...

  • The New York Department of Financial Services (NYDFS) has introduced updated standards for virtual currency oversight and created a new list called the "Greenlist."
  • Only eight cryptocurrencies, including Bitcoin, Ether, the new PayPal Dollar, and five stablecoins, met the NYDFS's criteria and are included in the Greenlist.
  • Over two dozen cryptocurrencies, including Ripple, Dogecoin, and Litecoin, were removed from the Greenlist.
  • The new standards require licensed crypto firms to submit comprehensive applications to the NYDFS for cryptocurrency listing, with each application subject to individual evaluation.
  • The NYDFS's approach to crypto regulation is deliberate and focuses on detailed evaluation and oversight.

The sentiment of the article is mostly neutral, with some positive sentiment towards the NYDFS's deliberate approach to crypto regulation and the judge's ruling on XRP.

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You May Ask

What is the NYDFS's new list called, and how many cryptocurrencies are included?Which cryptocurrencies were removed from the NYDFS's Greenlist?What are the new standards for cryptocurrency listing introduced by the NYDFS?What is the significance of Judge Analisa Torres's ruling on XRP?How does the NYDFS's approach to crypto regulation differ from other state and federal bodies?

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