Paul Atkins is considered one of Donald Trump’s top candidates to head the U.S. Securities and Exchange Commission (SEC).
Atkins is critical of the current state and management of the SEC, believing that the agency has been mismanaged under Gary Gensler’s chairmanship and that it will take a major effort to clean up the “mess.”
According to a source close to Atkins, Atkins does not find the role appealing due to the workload, and is therefore said to be undecided about taking on the role.
Altcoin price skyrocketed after rumors
The mention of Paul Atkins for SEC Chairman under the Donald Trump administration has caused volatility in the altcoin market.
Atkins, who is expected to replace Gary Gensler, has been linked to the Reserve Rights (RSR) protocol due to his previous consulting work, putting him back on investors’ radar.
Although the Reserve Protocol team has yet to comment on the matter, a 2021 AMA indicates that the project’s legal department is led by Paul Atkins. A 2019 blog post also noted that Paul Atkins will play a key role in the project as an advisor.
With the emergence of these claims, the price of Reserve Rights has risen rapidly. According to CoinGecko data, the RSR price has increased by 135 percent in the last week and reached the peak of recent years.
Stay tuned.