Brad Garlinghouse Critiques Dogecoin

Ripple's CEO, Brad Garlinghouse, recently made remarks about Dogecoin, the prominent meme coin, at Consensus. He expressed skepticism about Dogecoin's impact on the industry, questioning its use case. Garlinghouse emphasized the importance of utility across various blockchain networks, highlighting its significance.

This is not the first time Garlinghouse has voiced concerns about Dogecoin. In an earlier instance at the World Economic Forum, he voiced skepticism about the utility of the meme coin, expressing uncertainty about its purpose beyond Elon Musk's involvement.

Dogecoin Co-founder Responds

In response to Garlinghouse's comments, Dogecoin co-founder Billy Markus criticized Garlinghouse's views. Markus argued that Dogecoin is similar to Bitcoin in functionality, albeit with distinct branding. The exchange between Garlinghouse and Markus ignited debate within the Dogecoin community.

Ripple CEO's Clash with Tether CEO

Garlinghouse faced criticism from Tether CEO Paolo Ardoino over his remarks implying US government scrutiny of the stablecoin. Despite the backlash, Garlinghouse clarified that his comments were not intended to disparage the stablecoin issuer.

XRP ETF Predictions

Garlinghouse also made predictions about SEC approval for exchange-traded funds (ETFs) for various altcoins, including XRP. He anticipates a policy shift towards approving such ETFs, viewing it as an inevitable development. Furthermore, he reiterated his call for clear regulatory guidelines from US authorities to enhance industry transparency.