Garlinghouse Slams Dogecoin as 'Not Good for Industry'

Ripple CEO Brad Garlinghouse delivered a scathing critique of Dogecoin at the recent Consensus 2024 conference.

In his address, Garlinghouse emphasized that Dogecoin lacks real utility, with its value largely driven by speculative trading rather than practical application.

'Dogecoin has not been good for the industry', he said, warning that meme-based cryptocurrencies like Dogecoin could be detrimental to the crypto industry's long-term credibility and progress.

Garlinghouse argued that there is a need for cryptocurrencies to offer tangible solutions and real-world applications.