Brad Garlinghouse, CEO of Ripple (CRYPTO:XRP), voiced concerns about Dogecoin's (CRYPTO:DOGE) role in the cryptocurrency industry during the 2024 Consensus Conference.

He emphasised regulatory ambiguity in the United States as hindering institutional investment, which inadvertently fosters meme-driven coins like Dogecoin.

Garlinghouse questioned Dogecoin's utility and highlighted its lack of substantive projects compared to other blockchain technologies.

His remarks reflect a broader criticism of speculative market trends, advocating for a focus on solving real-world problems rather than speculative assets.