The cryptocurrency Reserve Rights (RSR ($0.01)) has surged over 130% in the past 24 hours, reaching a two-year high of $0.02518. This unexpected rise is attributed to speculation regarding Paul Atkins’ appointment as the new SEC chair in the United States. Atkins’ previous role as an advisor at the Reserve Rights Foundation strengthens this connection.
Paul Atkins’ SEC Chair Position and RSR Connection
Former SEC Commissioner Paul Atkins is known for his crypto-friendly stance. Nevin Freeman, one of the founders of the Reserve Rights Foundation, noted Atkins’ positive approach toward cryptocurrencies. The potential of Atkins’ SEC chairmanship has created expectations for a more lenient regulatory environment in the industry, contributing to the rapid increase in RSR’s price.
With the price increase, there has also been a significant rise in trading volume and open positions. The open positions for RSR derivatives surged by 394%, reaching $90.34 million. During the same period, the total volum...
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