Jimmy Vallee, founder and managing director of Valhil Capital, is seeking a $500 billion restitution for XRP holders.
This initiative aims to secure $500 billion in compensation for XRP token holders who suffered losses due to the SEC’s lawsuit against Ripple.
The lawsuit, initiated in December 2020, triggered a historic sell-off around XRP, causing exchanges to delist the token. As a result, XRP’s price plummeted by about 75%, dropping to $0.17 just days after the SEC’s lawsuit announcement.
Although XRP saw a slight recovery, it largely traded below $1 as the case lingered. Many, including Vallee, believe the SEC lawsuit has hindered XRP’s price growth over the past four years.
Restitution for XRP Holders
In a post on X, Vallee stated that if not for the SEC lawsuit, XRP’s price could have been around three times its previous all-time high, similar to the price growth in Bitcoin and Ethereum. As a result, industry leaders like Vallee are pushing for damages to be awarded to XRP holders.
Valhil Capital’s advisors specifically mentioned the $500 billion payback in a tweet last month. However, with the SEC dropping its lawsuit against Ripple this month, prominent XRP community figure Crypto Eri has drawn renewed attention to Vallee’s bold move.
Crypto Eri revealed that her sources indicated more details on the $500 billion XRP payback would surface in the coming days.
In his tweet from last month, Vallee also mentioned that his team would welcome over 76,000 XRP holders into their Crypto Justice Coalition. These 76,000+ holders represented the interests of XRP investors in the early stages of the Ripple lawsuit. This group was led by attorney John Deaton, who supported XRP holders through his Amicus brief in the Ripple case.
Vallee emphasized that together, they will be seeking at least $500 billion in restitution for XRP holders.
We would welcome the 76K+ into our Crypto Justice Coalition, which WILL BE SEEKING AT LEAST $500 BILLION in restitution for XRP tokenholders. However, the Crypto Justice Coalition will not be seeking a remedy through the federal courts . . . at least not initially.
Why?…
— Jimmy Vallee (@jvallee2000) February 21, 2025
Notably, the Crypto Justice Coalition believes XRP’s price could be between $8 and $10. This price range would equate to a market cap of around $500 billion—far higher than its current market cap of $140 billion.
$500 Billion XRP Payback Not Via Federal Court
Vallee also clarified that the Crypto Justice Coalition will not seek restitution through federal courts initially. He explained that, in his view, the federal courts are corrupt.
Additionally, Vallee suggested that John Deaton might plan to bring a class action lawsuit against the SEC in the interest of XRP holders. “We would need to carefully consider that before we agreed to join any class,” Vallee said.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
