The cryptocurrency community notes that increasing speculation that Donald Trump will appoint former SEC Chairman Paul Atkins as SEC chairman is linked to a massive 88% increase in the price of the Reserve Rights (RSR) token.

This development caused the value of the RSR token to rise rapidly. Rumors that Trump will appoint Paul Atkins as SEC chairman caused great excitement in the crypto world.

The fact that former SEC Commissioner Paul Atkins previously served as a consultant to the Reserve Rights Foundation is also seen as an important factor behind the rise of the RSR token. Therefore, the crypto community believes that if Atkins is appointed as SEC chairman, the value of the Reserve and therefore the RSR token will increase.

Although Atkins is not currently actively working with Reserve, Reserve co-founder and CEO Nevin Freeman confirmed that Atkins has consulted in the past. However, Freeman pointed out that Atkins has been a consultant in the crypto industry since 2017.

Freeman emphasized that Paul Atkins has a very open-minded and progressive approach in the crypto world. He also noted that Atkins has in the past calmly approved the public disclosure of Reserve’s advisors eager to embrace crypto.

Freeman stated that Atkins could take a principled approach and make a major contribution to developing rules for cryptocurrency markets when he becomes SEC chairman.

Notable crypto figures such as John Deaton also supported Atkins becoming SEC chairman. Deaton stated that Atkins was a solid option and emphasized that Atkins should be SEC chairman instead of Stebbins.

“I’ve heard very good things about Atkins,” Deaton wrote. However, although Trump has not yet announced his candidate for SEC chairman, this process is moving rapidly after Gary Gensler’s announcement that he will leave his post in November.

On December 2, Fox News correspondent Eleanor Terrett reported that Trump could announce the SEC chairman as early as “tomorrow.” This development further strengthened the speculations surrounding Atkins’ name.

Additionally, Atkins’ leading position in the industry and its past relationship with Reserve has led to the rise of the RSR token. The RSR token rose by 88% to $0.017 on December 3.

The rise of the RSR token is thought to be a turning point in the cryptocurrency world. Although its current value is 551% lower than its 2021 high, the RSR token has made a very significant jump.

It is stated that this rise is linked to increasing speculation that Paul Atkins will become SEC chairman, and cryptocurrency investors are taking advantage of this opportunity.

In summary, Trump’s selection of Paul Atkins as SEC chairman not only made a huge impact in the cryptocurrency community, but also significantly increased the price of the RSR token. This development has created great expectations regarding future rules for the crypto market.