Brad Garlinghouse: Do Not Banned DOGE To Protect Traders

At the Collision Conference in 2022, taking place in Toronto on June 23, Director of Ripple Brad Garlinghouse had a conversation with Global Editor-in-chief Gideon Lichfield at Wired regulation on cryptocurrencies, adjusting the CEX, the collapse of Terra’s Stablecoin UST, and Dogecoin.

Garlinghouse chose DOGE as an example of a dubious asset when asked if reputable exchanges should be allowed to trade whatever customers want or should traders and investors be protected, therefore certain assets should be banned.

According to the Ripple CEO, as an exchange, he wants to provide liquidity for cryptocurrencies or token pairs that people want to trade, even something like DOGE. Garlinghouse notes that DOGE was launched as a joke in 2013, many of the original developers left the project, and it “appears to trade mainly based on Elon Musk’s tweets”.

In short, the customer is always right, and businesses don’t tell them whether it’s right or wrong to trade something.

However, the editor-in-chief of Wired still refers to the top crypto meme with the phrase “something stupid like DOGE.”

When sharing his views on the question of whether customers on exchanges should be protected, Garlinghouse said that if Nasdaq does not allow companies to trade there is no viable business plan on New York Stock Exchange, and Tesla will not be able to list publicly and become the company it was recently thanks to Elon Musk.

In conclusion, he asserted that giving exchanges the power to regulate the assets they trade seems dangerous.

As for crypto volatility, the CEO said that the Nasdaq composite hit a pre-pandemic peak and is now down about 50%, while the crypto market is down around 65%, meaning every asset has a level of volatility. certain fluctuations.

While there are mixed views on the existence of the Dogecoin project, the DOGE price could soon become the best moving asset in the crypto market.

DOGE is on analysts’ top 5 cryptocurrencies watchlist, as the infamous coin meme could soon become a dominant name. Just recently, billionaire Elon Musk once again confirmed that DOGE is the currency he will support.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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