So then I can just convert to another crypto and then cash out.
You have to do it before the exchanges delist it.
Not after it's taken off an exchange, and it will be harder to find people to trade you for your worthless security coin after it is banned off exchanges.
XRP is being taken off coinbase in a week, and pretty much every other us based exchange shortly thereafter. You will be holding the most worthless coin in the world in a matter of weeks.
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