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Home»ALTCOIN NEWS»‘We need to do more than guess’: Ripple CEO questions whether Dogecoin is good for crypto
ALTCOIN NEWS

‘We need to do more than guess’: Ripple CEO questions whether Dogecoin is good for crypto

By Crypto FlexsJune 2, 20242 Mins Read
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‘We need to do more than guess’: Ripple CEO questions whether Dogecoin is good for crypto
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Ripple CEO Brad Garlinghouse doesn’t think leading meme token Dogecoin (DOGE) is good for the cryptocurrency.

In Consensus, Garlinghouse lamented that the U.S. “represents the bottom decile of regulatory clarity” for digital assets and acknowledged that it is difficult to predict when institutional funds will present upside opportunities for the cryptocurrency sector.

Ripple CEO says the direction of cryptocurrency development should focus on solving real problems.

“We have to go beyond guessing. I get a lot of shit for saying this, but I’ll say it anyway. I don’t think Dogecoin is a good thing for the industry. And I’m not against Dogecoin, but I don’t know what the use case is. I don’t know if there are any projects being built to solve any real utility. And I see a lot of real utility across different chains, and I think that’s very important.”

DOGE is trading at $0.159 at the time of writing, down slightly over the last 24 hours.

Ripple made headlines earlier this week after the San Francisco-based payments company donated an additional $25 million to Fairshake, a federal political action committee (PAC) dedicated to supporting cryptocurrency-backed candidates during elections. . The company also donated $25 million to Super PACs last year.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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