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06/11 20:30

Ripple CEO Garlinghouse Admits He Was Wrong About

At Ripple Apex, the company’s flagship gathering for developers and partners, Ripple president Monica Long and chief executive Brad Garlinghouse took the stage for an unscripted fireside chat that quickly zeroed in on one of the industry’s most polarizing sub-sectors: meme coins. In an exchange that mingled candor with contrition, Garlinghouse acknowledged that his once-unyielding dismissal of Dogecoin no longer holds.

Dogecoin Forces Ripple CEO To Backtrack
The session began with the moderator’s binary provocation—meme coins, overrated or underrated?—to which Long replied that, taken at face value, many are “outright scams,” yet their speculative magnetism has nevertheless “miraculously become real functioning markets.” Long credited the phenomenon with seeding vital infrastructure—wallets, capital, developer mind-share—that she likened to Ethereum’s own 2016–2017 ICO surge. “There’s a lasting impact from meme coins,” she said.


The Ripple CEO offered what he called “the other side” of the argument. “I think meme coins are generally maybe grossly overrated,” he said, framing most of them as “not sustainable” projects that amplify regulatory skepticism. He contrasted that short-term gambling impulse with what he described as Ripple’s “long arcs of time” approach.

Yet the conversation turned when Garlinghouse revisited Dogecoin, a target of his past derision. “For people who have followed some of my public statements, I used to really speak not so kindly towards Dogecoin,” he admitted. “I was just like, Dogecoin? It literally was created as a lark… it is literally a pile of shit as the logo.”

His original objection, he explained, was that an asset conceived as parody could not credibly represent an industry courting institutional capital: “If we’re trying to engage institutions and build those bridges between traditional finance and decentralized finance… Dogecoin isn’t representing us well.”

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