The Crypto Justice Coalition, backed by more than 21,225,22025 XRP holders, is working towards obtaining justice and compensation for the financial losses caused by the legal battle with the SEC. They claimed that without the lawsuit’s interference, XRP’s value could have surged to between $8 and $10, representing a $500 billion market cap. Jimmy Vallee, who is the founder and managing director of Valhil Capital, has chosen to initiate a restitution fund worth $500 billion to reimburse XRP holders who were impacted by the recent SEC lawsuit. The SEC initiated a lawsuit against Ripple in December 2020, which caused a considerable drop in the value of XRP and resulted in many major exchanges removing the token from their platforms. As a consequence, XRP’s value fell by around 75%, hitting a low of $18 just a few days following the announcement of the lawsuit. Consequently, Jimmy Vallee’s effort aims to recover the financial losses experienced by investors during this period, which includes a $500 Billion Restitution Plan for XRP holders. Jimmy Vallee asserts that the SEC’s lawsuit against Ripple has greatly hindered the potential growth of XRP, as he aims to obtain $500 billion in compensation for XRP holders. In a recent post on X, Vallee suggested that XRP’s price might have increased to triple its former all-time high. He stressed the importance of compensating XRP investors who experienced significant losses. Advisors from Valhil Capital pointed out the $500 billion restitution goal in a tweet last month. After the SEC dropped its case against Ripple, well-known member of the XRP community, Crypto Eri, highlighted a resurgence in support for Vallee’s ambitious project.
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