A group of over 76,000 XRP holders called the Crypto Justice Coalition seeks $500 billion in restitution for losses incurred in the legal battle between the SEC and Ripple.
The SEC's lawsuit led to a significant sell-off, causing the price of XRP to plummet by approximately 75%, reaching a low of $0.17.
Valhil Capital's founder, Jimmy Vallee, is pursuing a $500 billion restitution fund to compensate XRP holders affected by the lawsuit.
Ripple CEO Brad Garlinghouse announced the conclusion of the legal battle, and new developments within the Ripple ecosystem, such as a potential spot XRP ETF and IPO, could be on the horizon.