The value of Ripple's total holdings of XRP has risen by about $125 billion since Election Day.

This remarkable statistic underscores how much US cryptocurrency companies stand to benefit from Donald Trump's re-election – and offers one explanation for why they are throwing their support so enthusiastically behind the incoming president-elect's administration.

According to Ripple's latest financial reports DisclosuresThe company has about 4.44 billion XRP in liquid assets. It also oversees approximately 39 billion XRP currently Warranty. It was XRP sophisticated By the founders of Ripple in 2012.

On the eve of the 2024 presidential election, XRP was worth $0.50. Since then, its value has exploded. This week, the token came within inches From its all-time high of $3.40, reaching $3.38 Earlier today.

Finally, Ripple's reported XRP stock is now worth around $146.48 billion; In November, its value amounted to about $21 billion.

This historic shift is thanks in large part to Ripple's aggressive campaign - along with other leading US cryptocurrency companies - to change US cryptocurrency policy by influencing the 2024 elections.

Last year, Ripple, along with Coinbase and Andreessen Horowitz, generated $300 million. PAC-driven supercharging To reverse the declining regulatory fortunes of cryptocurrencies and transform the industry into one of Washington's major power centers.

The campaign was remarkably successful. Almost every candidate backed by crypto political action committees won the election in November, and the incoming federal government appears well prepared Change his tune On cryptocurrencies He was interrogated once Legitimacy.

Since the election, President-elect Trump has indicated his intention to support cryptocurrencies through... A variety of means. Many industry supporters are expected to sign Executive orders Immediately upon assuming office on January 20.

In the weeks leading up to Trump's swearing-in, cryptocurrency companies lined up to curry favor with the incoming administration, particularly by... Millions bombed To his inauguration fund.

Ripple gave more to Trump's inaugural fund than any other cryptocurrency donor: $5 million.

A drop in the bucket, in the scheme of things.