Ripple CEO Brad Garlinghouse recently criticized Dogecoin, the largest meme coin, during his appearance at the Consensus conference.

"I don’t think Dogecoin has been a good thing for the industry. And I'm not anti-Dogecoin, but it's like…I don't know what the use case is," Garlinghouse remarked. He emphasized the importance of utility across different blockchain networks as a critical factor for their success.

This isn't the first time Garlinghouse has targeted Dogecoin. At the World Economic Forum in January, he similarly dismissed the leading meme coin's utility, stating, "Other than Elon Musk as the central actor, I don't see the use case and purpose."

Garlinghouse's comments have sparked backlash from the Dogecoin community. Dogecoin co-founder Billy Markus responded, arguing that Dogecoin is virtually the same as Bitcoin, differing only in its mascot and a few parameters. Markus's retort highlighted the ongoing debate about the legitimacy and purpose of meme coins within the broader cryptocurrency ecosystem.

In addition to his remarks on Dogecoin, Garlinghouse recently faced criticism from Tether CEO Paolo Ardoino. Garlinghouse had suggested that Tether was under scrutiny from the US government, a statement he later clarified was not intended as an attack on the stablecoin issuer.

Garlinghouse has also been vocal about regulatory issues. He predicted that the SEC would eventually approve exchange-traded funds (ETFs) for multiple altcoins, including XRP, describing such a policy shift as "inevitable." He continues to urge US regulators to establish clear rules for the cryptocurrency industry, emphasizing the need for a more structured regulatory framework to support innovation and growth.