A recent Harvard Business School case study titled “Ripple: The Business of Crypto Case – An Analysis and Solution” has generated significant interest within the cryptocurrency community, especially in relation to Ripple’s impending Initial Public Offering (IPO) valuation. This comprehensive analysis, conducted by esteemed professors David B. Yoffie, Andy Wu, and Sarah von Bargen, delves into Ripple CEO Brad Garlinghouse’s vision to revolutionize the global payments industry through the use of XRP and the strategies the company plans to implement to achieve this goal.
The case study not only provides a detailed examination of Ripple’s operations and ambitions but also offers a broader survey of Ripple’s unique business model. It introduces students and crypto enthusiasts to the concepts of Bitcoin and blockchain technology, laying a solid foundation for a comprehensive understanding of the expanding blockchain landscape.
One influential figure within the XRP community, Crypto Eri, has highlighted the significance of this case study for Ripple’s IPO valuation. In a post on her X (formerly Twitter) handle, she suggests that the study could prove useful in determining the fair market value of Ripple’s shares before they are offered to the public. IPO valuation is a critical step for any company going public, and the insights provided by the Harvard case study could shape how potential investors perceive Ripple and influence its market positioning.
Moreover, the case study thoroughly examines the regulatory dynamics surrounding Ripple, an area of great interest and concern for investors. This analysis could play a pivotal role in shaping investors’ outlook on the company as it navigates regulatory challenges and positions itself within the cryptocurrency market.
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In a separate development, pro-XRP lawyer John Deaton has recently criticized the United States Securities and Exchange Commission (SEC) Chairman Gary Gensler. Deaton expressed his dissatisfaction with Gensler’s stance on securities and questioned the chairman’s understanding of investment contracts. Deaton’s remarks were prompted by a 2022 clip in which Gensler stated that Ethereum had transformed from a security to a non-security due to its increasing decentralization.
Deaton further questioned Gensler’s competency, asserting that the chairman continues to ignore the fact that US securities laws do not apply to assets purchased for non-investment purposes. Deaton’s criticism of Gensler extends to the chairman’s perceived disregard for the law and his belief that Gensler must be removed from his position.
This sentiment is not unique, as Congressman Warren Davidson also called for Gensler’s removal in June 2023, labeling him a “tyrannical” chairman. Congressman Davidson believes that the SEC’s actions against the crypto industry are unjust and calls for protections against Gensler’s regulatory approach.
It is clear that both the Harvard case study on Ripple and the criticism of SEC Chairman Gensler have significant implications for the cryptocurrency industry. The case study could shape Ripple’s IPO valuation and market positioning, while the criticism of Gensler raises concerns about the regulatory environment faced by cryptocurrencies. These developments underscore the importance of ongoing analysis and dialogue surrounding the evolving crypto landscape and its relationship with regulators and investors.
