#SquareMentionsHeatwave 2. Government Regulations and Laws
The legal and regulatory factor is one of the most significant influences on the future and profitability of XRP. Legal issues such as the previous dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) have negatively impacted the price for a long time. However, any positive development in this area, such as official recognition of XRP as a legitimate digital asset, increases its value and boosts investor confidence. Laws that facilitate the use of digital currencies in international transfers also support XRP's profitability, while stringent decisions or trading bans may reduce interest in them. Therefore, closely monitoring legal developments is a crucial factor in determining future profit opportunities.
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