Here's a simplified version:
Ripple and XRP holders are seeking $500 billion in compensation due to the US Securities and Exchange Commission's (SEC) lawsuit against Ripple in 2020.
The lawsuit alleged that XRP sales were unregistered securities offerings, causing XRP's price to drop by 75% and many exchanges to remove it.
Jimmy Vallee, founder of Valhil Capital, believes that without the SEC's interference, XRP's price could have reached $10, similar to Bitcoin or Ethereum.
Vallee has launched the Crypto Justice Coalition to secure financial compensation for affected XRP holders. Over 76,000 XRP holders may be eligible for a portion of the proposed $500 billion restitution.
The call for compensation has gained momentum after the SEC dropped its lawsuit against Ripple. Vallee plans to explore alternative legal routes and negotiations with regulators to resolve the issue$SOL $ETH
