The possibility of Trump choosing the SEC will drive the token price $RSR to its highest level in years
The community links the 88% increase in the price of reserve rights tokens to the possibility that Donald Trump will choose Paul Atkins as the next chairman of the Securities and Exchange Commission.
The value of the Reserve Rights token (RSR) has increased as speculation grows about the expected nomination by former United States President Donald Trump of a new head of the Securities and Exchange Commission of the United States.
Some in the cryptocurrency community have connected the rise of the token with rumors that Trump might appoint former SEC commissioner Paul Atkins, who previously served as an advisor to the Reserve Rights Foundation, the organization behind the RSR token.
Source: Henshaw Odoo
Atkins, who emerged as one of the leading candidates for SEC chairman last week, has previously advised Reserve, although he is currently not active, according to Nevin Freeman, co-founder and CEO of Reserve.
Atkins "did not actively consult with Reserve and was simply a consultant at the start of the project," Freeman said in an article on November 28.