Cryptocurrency funds processor and change operator Uphold has formally clarified that it’ll not delist XRP in the interim.

As a part of an announcement made on Monday, Uphold stated it won’t be eradicating XRP from its crypto choices till the lawsuit filed by the USA Securities and Trade Fee is resolved.

“Uphold has determined to proceed itemizing XRP till and until the SEC’s Grievance is adjudicated within the SEC’s favour and XRP is judged to be a safety at present (or buying and selling quantity dissipates to a degree the place we will now not assist XRP).”

The change famous that the lawsuit in opposition to Ripple and its executives is an allegation, and no U.S. courtroom of regulation formally deemed XRP a safety. “We belief that different Exchanges will undertake an identical stance fairly than speeding to judgement forward of the Courtroom’s choice,” the announcement reads.

The change has additionally questioned the SEC’s heavy-handed motion in opposition to Ripple, which has despatched the value of XRP on a strong downward plunge. XRP misplaced greater than 50% of its worth since rumors in regards to the enforcement started circulating, from about $0.57 to $0.23 as of press time.

The losses have been compounded considerably by a string of delisting bulletins by main exchanges, first Bitstamp, then Coinbase, Binance.US and eToro. Main hedge funds and institutional service suppliers like Bitwise and Genesis Buying and selling have likewise dropped assist for the asset.

The delistings had been largely seen as a precautionary measure to guard in opposition to regulatory danger. The lawsuit continues to be in its earliest levels, with a pre-trial digital listening to scheduled for Feb. 22.

Within the meantime, Ripple has vowed to defend itself in opposition to the SEC. Likewise, a number of group members are drumming up assist by petitions and class-action motions.

Cointelegraph reached out to Uphold for remark however didn’t instantly obtain a response. The article might be up to date ought to extra info come by.