During the World Economic Forum’s annual meeting in Davos, Switzerland, a panel discussion titled “Clear-Eyed About Crypto” concluded that the cryptocurrency industry requires more precise regulation. Though the talk conveyed optimism, it dismissed the practicality of meme cryptocurrencies, specifically pointing to Dogecoin (CRYPTO: DOGE). What Happened: Brad Garlinghouse, the CEO of Ripple Labs (CRYPTO: XRP), expressed a viewpoint in line with the panel, showing skepticism towards the utility of Dogecoin. He said, “I don’t get it,” concerning “unregulated cryptocurrencies” and identified Elon Musk as the “central actor” in Dogecoin’s marketplace. Garlinghouse stated he fails to “see the use and the purpose” of the meme coin.