The CEO of Ripple, Brad Garlinghouse, expresses disapproval towards the impact of Dogecoin on the cryptocurrency industry.

At the Consensus conference, Brad Garlinghouse, CEO of Ripple, shared worries about the uncertain regulatory environment for virtual currencies in the US. He emphasized the need to address practical issues in the cryptocurrency field instead of fixating on speculation.

Garlinghouse specifically mentioned Dogecoin (DOGE) as a token that he believes has not been beneficial for the industry. He questioned the use case of Dogecoin and emphasized the need for projects that offer real utility across different blockchain networks.

As of the moment, the current trading price for DOGE is $0.159, indicating a marginal drop in worth within the last 24 hours.

Earlier this week, Ripple gained attention for giving an extra $25 million to Fairshake, a political action committee (PAC) that promotes pro-crypto candidates in elections. This add-on follows a past $25 million contribution from Ripple to the super PAC in the previous year.

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