TechFlow reported that on December 3, according to market news, Trump had previously nominated former SEC Commissioner Paul Atkins as SEC Chairman. Investor investigations found that Atkins had been an advisor to Reserve Protocol for the past few years.

Reserve Protocol is a stablecoin platform on Ethereum, and RSR is its native functional token. Perhaps affected by the news, Reserve Rights (RSR) rose by more than 80% in 24 hours.