Paul Atkins’ loosely linked RSR token rises 13% after Coinbase listing
The Reserve Rights (RSR) governance token for the Reserve Protocol stablecoin increased by over 13% following Coinbase's announcement to list it on April 22. The token is designed to support the stability of the Reserve Dollar (RSV). The price surged to $0.00835, a near two-month high, partly due to the swearing-in of Paul Atkins as SEC chair on April 21. RSR's market capitalization is approximately $464 million, ranking it as the 143rd largest cryptocurrency. Atkins aims to make the U.S. a secure environment for investment while ensuring consumer protection. His confirmation followed a 52-44 Senate vote on April 9, succeeding Mark Uyeda as acting chair. The SEC under Atkins is expected to adopt a more crypto-friendly stance, focusing on establishing a coherent regulatory framework for crypto assets.
