<ul data-eligibleForWebStory="true"><li>At a Ripple event, CEO Brad Garlinghouse admitted he was wrong about Dogecoin and its impact.</li><li>During a discussion on meme coins, Garlinghouse acknowledged the market reality shaped by Elon Musk's advocacy.</li><li>He previously dismissed Dogecoin as a parody asset unsuitable for engaging institutions in decentralized finance.</li><li>Garlinghouse recognized Dogecoin's significant liquidity due to Musk's influence, making it a lasting part of the ecosystem.</li><li>Despite his change of stance on Dogecoin, he still criticized meme-coin launches as 'get-rich-quick rug pulls'.</li><li>Garlinghouse mentioned US Senator Elizabeth Warren's concerns about negative use cases of hype-driven projects.</li><li>When asked to pick a meme representing crypto's chaos or brilliance, Garlinghouse chose Doge for its dual nature.</li><li>Ripple president Monica Long highlighted the experimental role of dubious tokens in strengthening blockchains.</li><li>Overall, Garlinghouse maintained his view that meme coins are overrated, but acknowledged Dogecoin's significant role.</li><li>Dogecoin was trading at $0.201 at the time of the news.</li></ul>

Ripple CEO Garlinghouse Admits He Was Wrong About Dogecoin

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