The Reserve Rights (RSR) token, associated with a stablecoin project previously advised by SEC Chair Paul Atkins, surged by 13.6% following its listing announcement by Coinbase. The official listing on April 22, along with Atkins' swearing-in as SEC chair on April 21, contributed to the token reaching a nearly two-month high of $0.00835. The token aims to stabilize the Reserve Protocol's stablecoin, Reserve Dollar (RSV). Prior to the listing announcement, RSR's value had already increased to approximately $0.0081. Currently, RSR has a market capitalization of $464 million and ranks as the 143rd largest cryptocurrency. Atkins, emphasizing consumer protection, has committed to creating a favorable environment for investments and engaging in a more crypto-friendly approach at the SEC. This marks a shift since the SEC's previous leadership, which was more focused on regulatory enforcement against the cryptocurrency space.

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