Government rules and regulations have a significant impact on digital assets. For XRP and Dogecoin, the legal situation is still developing. Countries around the world introduce more strict requirements for exchanges, tokens transmitters and stablecoin operators. This can result in higher compliance costs, changes in how tokens are used and even limits of access to certain markets.
The regulators also pay more attention to the way in which cryptographic projects announce themselves, especially if they offer “yield” yields or products. Without a set of clear, stable and widely accepted rules, XRP and Dogecoin will have to operate in an uncertain environment where positive developments can be followed by sudden reverse.
