On April 21, 2025, Coinbase announced the listing of Reserve Rights (RSR), resulting in a significant 9% increase in its price. Binance traders show increasing bullish sentiment, taking long positions on RSR despite no direct ties to its former advisor, incoming SEC Chair Paul Atkins, who is associated with potential political benefits.
RSR aims to create a self-regulating ecosystem for stablecoins, using RSR and RSV tokens. Following Atkins’ confirmation hearing, RSR rallied by 22%, with traders expecting continued positive developments regarding regulations. Market narratives remain crucial as Atkins assumes his new role.
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