XRP News Today! U.S. Government's Crypto Strategy: A Game-Changer for XRP?

The U.S. government has unveiled its Digital Asset Stockpile, including XRP, Ethereum, Cardano, and Solana, but will not actively buy more. Could Ripple’s SEC fine be settled in XRP? Discover the latest developments and potential market impact.

The U.S. government is making significant moves in the cryptocurrency space, though not in the way many had anticipated. Recently, President Donald Trump confirmed that while the U.S. will not actively purchase more altcoins, it will maintain a stockpile of digital assets acquired through legal actions.

The United States Digital Asset Stockpile

This newly established U.S. Digital Asset Stockpile will include XRP, Ethereum, Cardano, and Solana. However, the government has explicitly stated that it will not be making additional purchases beyond assets acquired through legal proceedings.

This revelation has sparked considerable speculation, especially concerning XRP’s potential role in this reserve.

Could Ripple's SEC Fine Be Paid in XRP?

One of the most intriguing developments is the potential for Ripple to settle its $125 million SEC-imposed fine in XRP.

The company was recently fined for selling XRP without proper registration, and as part of the agreement, Ripple proposed placing the fine amount in escrow, a request that the SEC approved under a court-sanctioned deal. However, it remains unclear whether these funds are held in U.S. dollars or XRP.

Crypto analyst Yassin Mobarak suggests that since the government is establishing a digital asset stockpile, there is a possibility that the SEC may accept XRP as payment instead of cash.

If this happens, it would mark the first instance of the U.S. government holding XRP, potentially aligning its interests with the XRP community and reducing regulatory roadblocks for the cryptocurrency’s broader adoption.

Legal Perspectives on XRP as Payment

Legal expert Jeremy Hogan has weighed in on the possibility of Ripple settling its fine in XRP. He cites the 1869 Supreme Court case Willard v. Tayloe, which permitted contract settlements in gold rather than dollars.

Hogan argues that, under similar reasoning, Ripple and the SEC could agree to an XRP payment, provided that both parties consent.

However, a significant challenge remains: the penalty must typically be directed to the U.S. Treasury.

Yet, since the Treasury is overseeing the U.S. Digital Asset Stockpile, Hogan believes this could provide a legal workaround, potentially allowing Ripple to transfer an equivalent amount of XRP instead of cash.

Market Impact and XRP's Future

Should Ripple pay its fine in XRP, the implications could be profound. If the U.S. government officially holds XRP, it may have an incentive to support its value, which could lead to reduced regulatory pressure and greater mainstream adoption.

While no official decision has been made, this possibility has generated optimism among XRP supporters.

Bitcoin Gets the Spotlight, While XRP Remains in Limbo

Despite XRP’s inclusion in the U.S. Digital Asset Stockpile, the government’s primary focus remains on Bitcoin. Trump recently signed an executive order establishing a Strategic Bitcoin Reserve, underscoring Bitcoin’s role as a long-term asset for the U.S. government.

Meanwhile, XRP, along with other altcoins like Solana and Cardano, has been left in an uncertain position.

Analysts, including Tyler Winklevoss and Willy Woo, argue that Bitcoin is the only truly geopolitically neutral digital asset, akin to gold. Woo has voiced skepticism over the viability of a Strategic XRP Reserve, questioning whether other nations would be willing to transact with a U.S.-controlled XRP supply.

Market Reaction and Crypto Summit Expectations

Following Trump’s announcement, XRP retreated to $2.50 as investors awaited further clarification at the upcoming White House Crypto Summit.

The summit is expected to shed light on Trump’s broader strategy for crypto reserves and the potential role of XRP, Ethereum, Cardano, and Solana.

Meanwhile, a Polymarket poll places the odds of an XRP reserve being officially established at only 29%, reflecting widespread skepticism. Despite this, optimism remains high regarding the potential approval of an XRP spot ETF by the SEC, with odds nearing 80%.

Conclusion

Trump’s evolving cryptocurrency strategy represents a significant shift in U.S. policy, with Bitcoin emerging as the government’s preferred asset. While XRP and other altcoins may be included in the Digital Asset Stockpile, their future remains uncertain.

The upcoming White House Crypto Summit could provide further clarity, but for now, the market remains on edge, with investors closely watching for any unexpected policy shifts.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

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Nusantara Global Network Partners with Phyntex Markets to Offer Lucrative Introducing Broker Program

Nusantara Global Network is pleased to announce an exciting new partnership with Phyntex Markets, a leading name in the global forex trading industry. This collaboration marks a new era for Introducing Brokers (IBs) looking to enhance their earnings, enjoy high self rebate offers, and provide their clients with cutting-edge trading conditions.

For traders who have long been active in the financial markets and are now exploring the potential of becoming an IB, this partnership offers a compelling opportunity. Phyntex Markets provides a self rebate of up to 12 USD per lot on all instruments, including FX, gold, and indices, coupled with leverage up to 1:5000. This collaboration is designed to attract both seasoned traders and newcomers eager to take advantage of Phyntex’s newly restructured and improved services.

"We are delighted to partner with Phyntex Markets to bring forward this exciting IB program," said a spokesperson for Nusantara Global Network. "The competitive self rebates, robust trading platforms, and enhanced trading conditions that Phyntex Markets now offers will create excellent opportunities for both traders and IBs."

Phyntex Markets has undergone a comprehensive restructuring, bringing a modernized approach to its services, making it a top choice for traders worldwide. This partnership aims to benefit both Nusantara’s established network and Phyntex’s newly revamped offerings. By leveraging this collaboration, IBs will not only maximize their earnings but also grow their clientele through Phyntex’s extensive product offerings and competitive trading conditions.

"The collaboration with Nusantara Global Network is part of our commitment to providing top-tier services and competitive incentives for our IBs," said representative from Phyntex Markets. "We have reimagined the way we deliver our services, ensuring that IBs and their clients can benefit from the best trading conditions, self rebates, and the security of our well-established platforms."

Expanding Horizons for Introducing Brokers

The Phyntex Markets IB program is tailored to help IBs grow their networks while providing a substantial return on every trade. The self rebate structure is designed to reward IBs significantly for every lot traded by themselves or their clients, extending across all key trading instruments. This, combined with an attractive 1:5000 leverage and Phyntex’s cutting-edge trading tools, offers IBs the perfect platform to grow their business.

Additionally, Phyntex Markets offers traders the use of advanced platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as features like CopyTrade, MAMM, and PAMM, ensuring IBs and their clients enjoy superior trading experiences with all the tools they need for success.

About Phyntex Markets

Phyntex Markets is a globally recognized forex and CFD broker, offering traders some of the most competitive spreads and trading conditions in the industry. Recently restructured, Phyntex Markets is back stronger than ever, with improved services aimed at enhancing the trading experience for clients worldwide.

About Nusantara Global Network

Nusantara Global Network is a leading financial marketing and consultancy firm based in Malaysia. Specializing in connecting traders with brokers, Nusantara focuses on strategic partnerships that foster growth, innovation, and success in the ever-changing financial markets.

 

This Press Release has also been published on VRITIMES

 

Xpress Super App “Arangkada” Accelerates Urban Mobility with Hyperlocal Campaign at LRT-1 Dr. Santos (formerly Sucat) Station

  

Xpress Super App is revolutionizing urban transport with the launch of Xpress Arangkada at LRT-1 Dr. Santos Station. In partnership with LRMC, the event showcased seamless, commuter-friendly mobility solutions. Exciting promos, game-changing driver incentives, and hands-on transport innovations highlight Xpress' commitment to accessibility and sustainability. Book your ride now and experience the future of Filipino mobility! #XpressArangkada

Parañaque City, March 10, 2025 – Xpress Super App, the country’s fastest-growing transport network company, took a bold step in redefining urban mobility with the successful launch of Xpress Arangkada at the LRT-1 Dr. Santos (formerly Sucat) Station Parking Lot. This event, held in partnership with Light Rail Manila Corporation (LRMC), was a game-changer in providing seamless, efficient, and commuter-friendly transport solutions in Metro Manila.

The event saw overwhelming participation from local government officials, industry leaders, driver-partners, and commuters eager to experience the latest innovations in transport technology. With Parañaque Mayor Olivarez, LRMC representatives, and top Xpress executives in attendance, the initiative reinforced its mission to empower drivers, promote economic opportunities, and enhance commuter convenience.

A Strategic Partnership for Commuters

The event kicked off with a keynote address from Ms. Jacqueline Gorospe, LRMC’s Head of Corporate Communications and Customer Relations, emphasizing LRMC’s commitment to improving urban mobility. She highlighted how the Xpress partnership will streamline first- and last-mile connectivity for commuters, enhancing their daily travel experience.

"At LRMC, we are always seeking innovative ways to improve commuter accessibility and comfort. Our partnership with Xpress is a major leap forward in ensuring that every trip is seamless, safe, and efficient," said Gorospe.

She further stated that the Xpress Super App partnership will help further streamline first- and last-mile connectivity for commuters, enhancing their daily travel experience. "At LRMC, we are always seeking innovative ways to improve comfort and commuter accessibility to/from LRT-1 stations. This amazing collaboration with Xpress Super App is a big and important step forward in ensuring that every trip is seamless, safe, and efficient," said Gorospe.

Following her, Xpress Head of Operations Joshua Callueng unveiled how Xpress Arangkada is set to transform daily commutes with a customer-centric approach, offering faster ride-matching, improved driver incentives, and new promo offers.

"We are here to innovate with a purpose—making transportation more accessible, rewarding, and seamless for our passengers and driver partners," Callueng stated.

Empowering Local Drivers & Economic Growth

A representative of Parañaque Mayor Eric L. Olivarez, Mr. Mel Alipo-on, Head of Tourism at the Public Information Office (PIO), joined the event and acknowledged Xpress for its efforts in improving urban mobility and creating new livelihood opportunities for transport workers. He recognized the platform’s role in enhancing commuter accessibility and supporting local drivers through innovation and better transport solutions.

In line with this, Xpress President Cliff Cabungcal announced game-changing driver incentives, including:

·       Time Range Incentives – Rewarding drivers for efficient operations

·       0% Commission for EV Upgrades – Encouraging sustainable transport solutions

·       Guaranteed Earnings for Geo-Zones – Providing financial stability to driver-partners

·       Recruitment Incentives – Expanding the driver network to enhance service availability

"We are committed to building a transport system that benefits not just passengers but also the hardworking drivers who keep our cities moving," Cabungcal affirmed.

Game-Changing Promos for Commuters

Take advantage of unbeatable deals while they last! Xpress Super App is making travel even more rewarding with a 50% off promo for first-time riders (*Terms and Conditions apply) and an exciting new offer—unlimited 20% off on all MotoTaxi and CarTaxi (2W/4W) rides to or from Dr. Santos LRT-1 Station (*Terms and Conditions apply). These limited-time promos reinforce Xpress Super App as the go-to mobile ride-hailing platform for Filipinos, by Filipinos. Book your ride today and experience the future of urban transport!

Hands-On Transport Innovation: Test Drives & Rider Engagement

Beyond the speeches, attendees had a chance to experience firsthand the future of urban mobility through exciting engagement activities:

·       BYD Car Test Drive – VIPs explored the latest EV and hybrid vehicle features

·       Moto Taxi Skills Assessment – Drivers demonstrated their expertise in navigating the city efficiently

·       App Download & Rewards Booth – Commuters availed instant ride discounts and promo giveaways

·       Skills Challenge for Drivers – Top-performing riders won exclusive incentives and fuel vouchers

The event also fast-tracked driver recruitment, allowing new 4W and Moto Taxi drivers to register on the spot, reinforcing Xpress’ commitment to expanding its fleet and improving ride availability.

A Milestone Moment in Philippine Urban Transport

The event wrapped up with media interviews and a closing address by Xpress executives, marking a new chapter in Metro Manila’s evolving transportation landscape.

With its bold vision, strong partnerships, and unwavering commitment to drivers and commuters, Xpress Super App is set to lead the next phase of urban mobility in the Philippines.

For more updates on Xpress Arangkada, visit our website www.xpress.ph or follow us on Facebook @xpresssuperapp and Instagram @XpressPhilippines

#XpressArangkada #XpressSuperApp  #PinoyPrideEveryRide

This Press Release has also been published on VRITIMES

A Guide to Business License Application in Indonesia

 

Indonesia, with its booming economy and strategic location, is a magnet for international entrepreneurs.  If you’re ready to set sail and establish your business in this exciting market, navigating the intricacies of business license applications is essential for a smooth launch. This comprehensive guide unravels the mysteries of obtaining business licenses in Indonesia. We’ll delve into the transformed landscape with the Online Single Submission System (OSS), explore different license types, and provide a step-by-step breakdown of the application process. Additionally, you’ll gain insights into company structures, minimum investment requirements, and resources to ensure compliance with foreign investment regulations. By the end of this article, you’ll be well-equipped to conquer the challenges of business license applications in Indonesia, propelling you towards a successful venture in the archipelago.

The Evolving Landscape of Business Licensing

Gone are the days of cumbersome, multi-agency application processes. In 2019, Indonesia introduced the Online Single Submission System (OSS), a game-changer for business licensing.  The OSS streamlines the process, functioning as a one-stop shop for obtaining your Business Identification Number (NIB) and various licenses. This transparency and efficiency make starting a business in Indonesia more attractive than ever.

Types of Business Licenses in Indonesia

The specific business license you require depends on your company’s structure and activities. Here’s an overview of the most common licenses:

Business Identification Number –Nomor Induk Berusaha(NIB): This mandatory business identification number acts as your company’s unique identifier in Indonesia and is the first step in the licensing process.Construction Business License –Surat Izin Usaha Jasa Konstruksi(SIUJK): If your company provides construction services, such as contractor or as an architect you’ll need this license.Other Industry-Specific Licenses: Depending on your industry, additional licenses might be necessary. For instance, restaurants require a Hygiene Permit, while manufacturers might need an Environmental Impact Analysis (AMDAL).

The Business License Application Process: A Step-by-Step Guide

Now that you understand the different licenses, let’s delve into the application process:

Company Establishment: Before applying for licenses, ensure your company is legally established. This typically involves registering your company with the Ministry of Law and Human Rights (MOLHR).NIB Acquisition: Through the OSS platform, you’ll submit your company details, choose your desired business activities, and pay the associated fees to obtain your NIB.Specific License Application: Depending on your chosen business activities, you’ll need to apply for the relevant licenses (SIUJK, etc.) either through the OSS or to the relevant minstry. This might involve submitting additional documents specific to your industry.Review and Approval: The OSS system will review your application and request any missing information. Once approved, you’ll receive your official business license.

Documents Required for Business License Application

The specific documents required will vary depending on your chosen business structure and license type. However, some general documents you might need include:

A copy of your company’s Articles of Association (AOA)Your company’s NIBProof of company domicile (e.g., lease agreement)Identity documents of company directors and shareholdersPower of Attorney (if applying through a representative)Industry-specific documents (e.g., environmental impact analysis report for certain industries)Understanding Company Structures and Minimum Investment Requirements

The type of business license you require can also be influenced by your chosen company structure. Here’s a closer look at some common structures for foreign-owned companies in Indonesia:

Penanaman Modal Asing(PMA): This translates to “Foreign Direct Investment Limited Liability Company” and is the most popular option for full foreign ownership (up to 100%). However, there’s a paid up ccapital requirement of IDR 10 billion (approximately USD 680,000+), excluding land and building assets.Representative Office (RO): An RO allows a foreign company to establish a presence in Indonesia for limited activities like market research or promotion. ROs cannot directly engage in commercial activities.

Understanding Positive Investment List

The Indonesian government maintains a Positive Investment List that outlines specific business sectors where foreign ownership are opened or restricted.  It’s crucial to check the Positive Investment List before finalizing your company structure and business activities to ensure compliance.

Conclusion

Securing a business license in Indonesia paves the way for your entrepreneurial journey in this dynamic market. This guide has equipped you with the knowledge to navigate the application process, from understanding the different licenses (NIB, SIUJK, etc.) to navigating the Online Single Submission System (OSS). We explored various company structures (PMA and RO) and minimum investment requirements, along with the importance of complying with the Positive Investment List. Remember, with careful planning, seeking assistance from qualified professionals when needed, and a thorough understanding of the regulations, obtaining your business license can be a successful stepping stone to launching your venture in Indonesia. So, dive into the exciting opportunities that Indonesia offers, armed with the knowledge you’ve gained from this comprehensive guide.

Simplify your business license application with our expert support. This guide has empowered you with the knowledge, but navigating regulations and the OSS system can be complex. Our team streamlines the process, ensuring you obtain the correct licenses and comply with all requirements. Focus on your vision – let us handle the licensing hurdles.

This press release has also been published on VRITIMES