Ripple CEO Says Dogecoin is "Not a Good Thing" for Crypto: Here\'s Why
Ripple CEO Brad Garlinghouse – CEO of Ripple – recently stated that Dogecoin might not be good for the crypto market. His comments about DOGE have sparked significant debate within the cryptocurrency community. At the recent Consensus 2025 conference (held, 2025, in Austin, Texas), Ripple CEO Brad Garlinghouse made headlines by directly criticizing Dogecoin, questioning its value and long-term viability.
Garlinghouse\'s Criticism of Dogecoin: A Deeper Dive
Speaking at the recent 2025 Consensus Conference, Ripple CEO Brad Garlinghouse recently addressed the growing meme coin craze and its leading asset, Dogecoin (DOGE). On the current 2025 Consensus Convention, Brad Garlinghouse, the CEO of Ripple, delivered pointed remarks on the state of cryptocurrency, significantly specializing in Dogecoin. Ripple CEO Brad Garlinghouse again takes a critical stance towards Dogecoin, asserting that he does not believe DOGE has been beneficial for the crypto ecosystem. He suggested that Dogecoin\'s success, driven largely by social media hype and meme culture, detracts from more serious and innovative projects within the industry.
Regulatory Ambiguity Fuels the Meme Coin Craze
The Ripple CEO argued that the current environment, characterized by regulatory ambiguity, has inadvertently paved the way for the proliferation of meme-driven cryptocurrencies like Dogecoin. The Ripple CEO argued that the current environment, characterized by regulatory ambiguity, has inadvertently paved the way for the proliferation of meme-driven currencies. In the context of using cryptocurrencies as an inflation hedge or a reliable store of value, Garlinghouse believes Dogecoin falls short, offering little intrinsic utility or technological advancement.
A Warning to Investors: Is Dogecoin Good for Crypto?
Garlinghouse warned all those tracking the meme coin, saying that he is actually not convinced that DOGE is good for the crypto market. He expressed concern that the volatility and speculative nature of meme coins like Dogecoin could damage the overall reputation of the cryptocurrency market, potentially scaring away more traditional investors and hindering wider adoption. While acknowledging the community and enthusiasm surrounding Dogecoin, he reiterated his doubts about its long-term sustainability and positive impact on the broader crypto industry.
Therefore, while Dogecoin has its supporters, the views of industry leaders like Ripple CEO Brad Garlinghouse offer a crucial perspective on the potential downsides of meme coin dominance and the importance of focusing on projects with genuine utility and innovation.