According to U.Today, Ripple CEO Brad Garlinghouse has expressed his skepticism towards Dogecoin, the largest meme coin, during his appearance at Consensus. He stated, 'I don’t think Dogecoin has been a good thing for the industry. And I'm not anti-Dogecoin, but it's like…I don't know what the use case is.' He further added that he sees a lot of utility across different chains, which he believes is a critical factor.
This is not the first time Garlinghouse has criticized Dogecoin. At the World Economic Forum in January, he expressed his doubts about the leading meme coin's use case. He stated, 'Other than Elon Musk as the central actor, I don't see the use case and purpose.' His comments sparked a strong backlash within the Dogecoin community. Dogecoin co-founder Billy Markus defended the meme cryptocurrency, arguing that it is virtually the same as Bitcoin, except for its dog mascot and slightly different parameters.
Garlinghouse also faced criticism from Tether CEO Paolo Ardoino earlier this month. This was after he suggested that the stablecoin had come under the scrutiny of the US government. However, he later clarified that he did not intend to attack the largest stablecoin issuer with his comment.
In other news, Garlinghouse has predicted that the SEC would approve exchange-traded funds (ETFs) for multiple altcoins, including XRP. He believes that such a policy shift is 'inevitable.' He also urged US regulators to provide clear rules for the industry.
Edmund
