Jimmy Vallee, founder of Valhil Capital, is pushing a compensation plan worth $500 billion for XRP investors. This is a response to the 2020 lawsuit by the United States Securities and Exchange Commission (SEC) against Ripple, alleging XRP was an unregistered security. The lawsuit caused a massive selloff, causing XRP's price to drop nearly 75%, and many exchanges removed this Token from their platforms, weakening its market position. Vallee and his company believe that without SEC's intervention, XRP could have followed a price trajectory similar to Bitcoin or Ethereum. He argues that XRP's price could easily surpass its previous record high of $3.84, potentially reaching $10 today.
To address these alleged injustices, Vallee established the Cryptocurrency Justice Alliance, aiming to ensure financial compensation for affected XRP investors. Vallee states that over 76,000 XRP investors, represented by lawyer John Deaton in the Ripple case, will be eligible to receive part of the proposed $500 billion compensation. After the SEC decided to drop the lawsuit against Ripple, the compensation call gained new momentum. Vallee indicates he does not intend to pursue compensation through the federal court system, fearing potential bias. Instead, he is exploring alternative legal routes and may negotiate with regulatory agencies to resolve the issue.
Vallee's $500 billion compensation proposal stems from significant market opportunities lost due to the SEC's actions. Currently, XRP's market Capital is around $140 billion, but if its price had followed Vallee's prediction of 8 to 10 dollars per Token, the market Capital would exceed $500 billion. This demonstrates the massive impact the SEC's lawsuit had on XRP's economic opportunities and its loyal investors. Pursuing alternative legal paths and negotiations reflects Vallee's determination to seek justice and protect the interests of the XRP investment community.
