Odaily Planet Daily News, affected by the dual positive effects of Coinbase's announcement of the launch and Paul Atkins' official inauguration as SEC Chairman, the governance token RSR of the stablecoin project Reserve Protocol rose by 13.6% in 24 hours, reaching a two-month high of 0.00835, with a current market value of approximately US$464 million.
According to its CEO Nevin Freeman, Paul Atkins served as an advisor in the early stages of the project in 2019 and is no longer involved. Coinbase previously posted on the X platform that it would launch RSR on its Ethereum L2 network Base at 9 am Pacific Time on April 22 (16:00 UTC).
In addition, Paul Atkins was officially sworn in as SEC Chairman on April 21. He previously stated at a Senate hearing that he would build a "rational, consistent, and principled" regulatory framework for crypto assets and set up an SEC crypto working group to communicate more openly with the industry. The position has been temporarily held by Mark Uyeda since the departure of former chairman Gary Gensler. (Cointelegraph)