Ripple CEO Brad Garlinghouse believes that Dogecoin (DOGE), the popular meme token, does not contribute to the growth of the crypto industry. Speaking at Consensus, Garlinghouse criticized the lack of regulatory clarity in the United States and expressed uncertainty about when institutional investors will enter the market. He emphasized the importance of solving real-world problems and building projects with practical utility. Despite his reservations about Dogecoin, Garlinghouse clarified that he is not against it, but questions its use case. At the time of writing, DOGE is trading at $0.159, showing a slight decrease in value over the past 24 hours.

In other news, Ripple recently made headlines by donating an additional $25 million to Fairshake, a political action committee (PAC) focused on supporting pro-crypto candidates during elections. This contribution follows a $25 million donation made by the San Francisco-based payments firm to the super PAC last year.

For the latest updates on the crypto market, subscribe to our email alerts and follow us on X, Facebook, and Telegram. Stay informed with The Daily Hodl Mix.

Disclaimer: The opinions expressed in this article are not financial advice. Investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Please be aware that your transfers and trades are at your own risk, and you are responsible for any losses you may incur. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor is it a financial advisor. Please note that The Daily Hodl engages in affiliate marketing.