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Why RSR Token is Exploding
The Reserve Rights (RSR) token jumped 88% to $0.017, hitting its highest price in years. This sudden spike comes as rumors swirl that Donald Trump might nominate Paul Atkins, a known crypto advocate, to lead the U.S. Securities and Exchange Commission (SEC). Despite this surge, RSR is still far from its record $0.11 high from April 2021.
Paul Atkins and His Crypto Ties
Paul Atkins, a former SEC Commissioner, once advised the Reserve Rights Foundation, the group behind RSR. Although he’s no longer involved, his reputation for being open-minded about crypto regulation has fueled excitement. Reserve CEO Nevin Freeman described Atkins as supportive of crypto from the start, calling his approach “principled.”
Crypto leaders, including lawyer John Deaton, have also backed Atkins as a great pick for SEC chair. Deaton said he’d heard “very good things” about Atkins, adding to the buzz.
The Bigger Picture
With Gary Gensler stepping down as SEC chair, Trump is expected to announce a replacement soon. Betting markets like Kalshi strongly favor Atkins, and this anticipation has boosted RSR’s value. The market clearly sees his potential nomination as a win for crypto-friendly policies.
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