Vallee Seeks $500 Billion Restitution for XRP Holders After SEC Lawsuit

Generated by AI AgentCoin World
Tuesday, Mar 25, 2025 6:49 am ET1min read
XRP
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Jimmy Vallee, the founder of Valhil Capital, has initiated a campaign seeking a substantial $500 billion restitution for XRP holders. This demand arises from the U.S. Securities and Exchange Commission’s (SEC) 2020 lawsuit against Ripple, which accused the company of conducting unregistered securities offerings through the sale of XRP.

The lawsuit had a profound impact on the cryptocurrency market, leading to a significant selloff that caused XRP’s price to plummet by nearly 75%. Many exchanges responded by delisting the token, further eroding its market position. Vallee and his firm contend that, absent the SEC’s intervention, XRP could have followed a price trajectory similar to that of Bitcoin or Ethereum. According to their analysis, XRP’s price could have surpassed its previous all-time high of $3.84, potentially reaching $10 per token today.

To address these perceived injustices, Vallee has established the Crypto Justice Coalition. This initiative aims to secure financial compensation for XRP holders who were adversely affected by the SEC’s actions. Vallee asserts that over 76,000 XRP holders, represented by attorney John Deaton during the Ripple case, should be eligible for a portion of the proposed $500 billion restitution.

Following the SEC’s decision to drop its lawsuit against Ripple, the call for compensation has gained renewed momentum. Vallee has indicated that he does not intend to pursue compensation through the federal court system, citing concerns about potential bias within the courts. Instead, he is exploring alternative legal avenues and possible negotiations with regulators to resolve the issue.

Vallee’s proposal for a $500 billion restitution is based on the significant market opportunities that were lost due to the SEC’s actions. Currently, XRP’s market cap stands at around $140 billion. However, if its price had followed Vallee’s projection of $8 to $10 per token, the market cap would have exceeded $500 billion. This discrepancy highlights the potential financial impact of the SEC’s intervention on XRP holders.