XRP support reiterated by Uphold, says no legal basis for delisting UpholdInc XRPArmy XRPCommunity XRPHolders $XRP
has commented on Uphold's unwavering support for XRP, which has led the platform not to delist XRP despite the lawsuit.
He refers to the statement by Uphold's Chief Revenue Officer Nancy Beaton, stating that the platform"found no legal precedent that would require them to delist XRP." Deaton adds that this is because, in 90 years of securities laws, there has not been a single case finding a secondary sale of an underlying asset previously used in an investment contract scheme to be a security.
In an earlier tweet, Deaton praised Uphold for deciding not to suspend the trading of XRP, saying this would go down as one of the best decisions in crypto history. In December 2020, the SEC filed a lawsuit against Ripple, alleging that the $1.3 billion sale of XRP was an unregistered security offering. XRP was later delisted by some crypto exchanges, while others ended their support for the crypto asset. Rather, Uphold maintained its support for XRP, saying it would not delist the crypto asset due to the lawsuit.
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