Harvard’s Business School Case Study and Ripple IPO Valuation
A recent case study conducted by Harvard Business School titled “Ripple: The Business of Crypto Case – An Analysis and Solution” has gained significant attention in the cryptocurrency community, particularly among XRP enthusiasts. The study focuses on Ripple CEO Brad Garlinghouse’s mission to revolutionize the global payments industry using XRP and explores the company’s strategies to achieve this goal.
The case study also delves into Ripple’s vision for the future, offering a comprehensive overview of its unique business model. It serves as an introduction to Bitcoin and blockchain technology, providing a solid foundation for understanding the broader blockchain landscape.
Leading professors David B. Yoffie, Andy Wu, and Sarah von Bargen spearheaded this all-encompassing analysis, aiming to provide readers with an in-depth understanding of Ripple’s operations and ambitions.
Potential Implications for Ripple’s IPO Valuation
The case study has caught the attention of influential figure Crypto Eri within the XRP community. On October 1, 2023, Eri shared her excitement about the development of the study on her Twitter account.
Eri believes that this case study could be valuable for Ripple’s upcoming Initial Public Offering (IPO) valuation. Conducting an IPO is a crucial step for any company to determine the fair market value of its shares before making them available to the public.
Challenges to SEC Chairman Gary Gensler
In a separate development, prominent pro-XRP lawyer John Deaton recently criticized US Securities and Exchange Commission (SEC) Chairman Gary Gensler regarding his stance on securities. Deaton expressed his dissatisfaction with Gensler’s understanding of investment contracts and securities laws.
Deaton referred to a 2022 clip where Gensler mentioned that Ethereum had transitioned from being a security to a non-security due to increased decentralization. Deaton questioned the chairman’s competence, arguing that Gensler ignores the fact that US securities laws do not apply to assets purchased for non-investment purposes.
Deaton concluded his tweet by suggesting that Gensler should be removed from his position, emphasizing his lack of regard for the law. Congressman Warren Davidson also called for Gensler’s removal in June 2023, criticizing the SEC’s actions against the crypto industry and labeling Gensler as a “tyrannical” chairman.
Hot Take: Ripple’s IPO Prospects and Regulatory Challenges
The release of Harvard Business School’s case study on Ripple has generated significant interest within the XRP community. This study could potentially influence Ripple’s IPO valuation, providing valuable insights into the company’s operations and future plans. However, Ripple faces regulatory challenges, as evidenced by John Deaton’s criticism of SEC Chairman Gary Gensler. The outcome of these challenges may impact Ripple’s ability to navigate the regulatory landscape and successfully conduct an IPO.
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