Paul Atkins’ SEC Appointment Boosts RSR Token by 88%

• RSR appreciates 88% on speculation about SEC
• Paul Atkins leads bets on new regulation
• Trump reinforces pro-crypto policy in the US

The Reserve Rights (RSR) token has seen a staggering 88% surge to a peak of $0,017, a level not seen in years. This significant move comes amid speculation over the possible appointment of Paul Atkins as the next chairman of the U.S. Securities and Exchange Commission (SEC). The appointment is part of President-elect Donald Trump’s promises to overhaul cryptocurrency regulation in the country.

🚨NEW: @realDonaldTrump 's pick to replace @GaryGensler as @SECGov Chair could be announced as soon as tomorrow, sources tell @FoxBusiness . Stay tuned 📺.

—Eleanor Terrett (@EleanorTerrett) December 3, 2024

Atkins, a former SEC commissioner and outspoken advocate for a more hands-off approach to regulation, has been widely cited as the leading candidate for the job. During his campaign, Trump promised to replace Gary Gensler, the current SEC chairman, whose tenure has been criticized for his tough stance on cryptocurrencies. Gensler’s departure, expected in January 2025, signals the end of an era marked by tough enforcement actions against companies in the sector.

The potential selection of Atkins comes as a relief to the crypto community, as he is seen as a champion of innovation and collaboration in the cryptocurrency market. In recent statements, Nevin Freeman, CEO and co-founder of the Reserve Rights Foundation, noted that Atkins was an early advisor to the project, known for his open-mindedness towards blockchain technology and his willingness to work with companies in the sector since 2017. “I would be very excited to work with him on a productive and principled regulation,” Freeman commented.

Furthermore, the appreciation of the RSR token also reflects investors’ confidence in a more favorable regulatory environment. Atkins, as a potential appointee, has rekindled expectations that oversight of cryptocurrencies could shift from the SEC to the Commodity Futures Trading Commission (CFTC), which is known for its more flexible approach towards digital assets. Such a shift could not only boost the cryptocurrency market but also strengthen projects such as Reserve Rights.

Prominent industry figures such as attorney John Deaton have also expressed support for Atkins, describing him as a solid choice to lead the SEC. Deaton emphasized that Atkins has a positive reputation in the market and that his appointment would be a crucial step in pushing pro-crypto policies.

$RSR making crazy run after it was discovered that Paul Atkins who Trump has nominated for SEC chair has been working with @reserveprotocol for several years as an advisor. pic.twitter.com/p1Xpwu3A5F

— Henshaw Udowo (@UdowoHenshaw) December 3, 2024

With the RSR token up 88% and the market reacting positively, Atkins’ appointment is eagerly awaited. While still far from its all-time high of $0,11 reached in April 2021, the recent price movement of the token demonstrates growing optimism for a more innovative and collaborative approach from the SEC.