Ripple has been removed from Grayscale's investment fund list. Will it be completely banned in the future?

The Paper reporter Ye Yinghe Source: The Paper

Following being banned by several exchanges, Ripple (XRP), the world's fourth largest cryptocurrency, was removed from the trust fund list by Grayscale Investments, the world's largest crypto asset investment company.
On January 14, according to the official website of GLOBE NEWSWIRE, a U.S. corporate news release platform, Grayscale Investments announced that it would dissolve the Ripple Trust Fund under the Grayscale Fund. The reason is that the U.S. Securities and Exchange Commission (SEC) filed a federal court lawsuit against Ripple, the issuer of Ripple, on December 22, 2020, claiming that Ripple is a "security" under federal securities laws and that the company violated laws prohibiting the sale of unregistered securities.
Perhaps affected by this, according to the price of Bitcoin news information website Coindesk, as of press time, the price of Ripple was about US$0.29, a slight decrease of 1.68% in 24 hours.
According to Grayscale Investments' official website, the company was founded in 2013 and has been committed to digital currency investment. As of December 31, 2020, it manages more than $20 billion in assets and has a total of 9 investment product series.
Grayscale Investments said that in response to the SEC's action, certain important market participants have announced measures, including delisting XRP from major digital asset trading platforms, leading the sponsor to conclude that it may become increasingly difficult for U.S. investors in the XRP Trust to convert their assets in the future.
The Sponsor has now liquidated the XRP Trust and intends to distribute the net cash proceeds to the Trust shareholders after deducting expenses and making appropriate withholding reserves. Once the net cash proceeds are distributed, the Trust will terminate.
On December 29, 2020, the cryptocurrency trading platform Coinbase published a statement on its blog saying that it has decided to suspend Ripple trading on the platform. According to incomplete statistics from The Paper, as of now, Bitstamp, OKCoin (OKEx US), Binance US, and Bittrex have also announced the removal of Ripple trading.
According to the price of Bitcoin news information website Coindesk, since the end of October 2020, the price of Bitcoin has skyrocketed. Affected by the market conditions, the price of XRP has risen from around US$0.24 to over US$0.5, reaching a maximum of around US$0.68, an increase of more than 180%. However, after being accused, the price of XRP plummeted, once falling to around US$0.275, and once fell to around US$0.18 after Coinbase announced its delisting on December 29. As of press time, the price of XRP has rebounded to around US$0.3.
It is worth noting that, unlike the SEC, the UK Treasury recently released a report on cryptocurrency regulations, which does not consider Ripple as a security, and divides electronic tokens into three categories: electronic currency tokens, security tokens, and unregulated tokens. In the report, Ripple, Ethereum (ETH), and Bitcoin (BTC) are classified as exchange tokens, which is a subcategory of unregulated tokens.
According to foreign media reports, the Financial Services Agency of Japan (FSA) responded to a media on January 13 that it does not consider Ripple to be a securities asset.