According to CryptoPotato, the New York Department of Financial Services (NYDFS) has removed Ripple's XRP, Litecoin, and Dogecoin from its 'greenlist' as part of an update to its virtual currency oversight framework. The greenlist identifies the coins approved for virtual currency entities to custody or list without first establishing an approved coin-listing policy or seeking prior approval. Currently, only eight tokens remain on the list, including Bitcoin, Ether, and the relatively new PayPal stablecoin.
Pro-Ripple attorney John E. Deaton commented on the removal, stating that there is little to no reason to worry. He referred to a recent ruling by Judge Analisa Torres, who said that secondary XRP sales do not constitute investment contracts. Despite the removal from the greenlist, XRP's price has performed relatively well over the past week, adding over 6% to its dollar value.