Reserve Rights (RSR) Token Listing By Coinbase Coincides With Paul Atkins' SEC Nomination

Cryptocurrency exchange Coinbase has announced it will add support for Reserve Rights (RSR)

Crypto exchange Coinbase is set to add support for Reserve Rights (RSR) on the Base network, according to a recent announcement by the exchange.

The exchange also mentioned that the transfers are already available on both Coinbase and Coinbase Exchange in the regions where trading is supported.

Coinbase Listing Coincides With Paul Atkin’s Development

According to the announcement, trading for RSR will begin on or after 9AM PT on April 22. The news comes as the RSR token shows strong price performance across multiple timeframes. The token has surged 7.7% in the past 24 hours, 7.2% over seven days, and also 24.3% over the past month.

This upward momentum coincides with recent developments related to Paul Atkins, who has connections to the Reserve Rights project and was recently confirmed as President Trump’s next Chairman of the Securities and Exchange Commission.

The timing of Coinbase’s announcement has drawn attention given the token’s connection to Atkins. He previously served as an advisor to the Reserve Rights Foundation during the project’s early development phase.

The top crypto exchange has provided specific details about how the RSR token will be integrated into its platform. The exchange will support Reserve Rights exclusively on the Base network.

The roll-out will be phased and trading will commence on or after 9 AM PT on April 22. With that noted, the timeline is subject to liquidity levels being met. When sufficient supply of RSR is accumulated on the exchange, trading will start on the RSR-USD trading pair first.

Atkins Connection And RSR Listing

Coinbase's timing of listing RSR has been the subject of some speculation due to the token's connection to Paul Atkins. Back in 2017, Atkins, in his capacity as a former SEC Commissioner, provided advice to the Reserve Rights Foundation when the project was still in its early stages of development.

After leaving his role at the SEC, Atkins joined the Reserve Rights Foundation as an advisor. Ben Kingsley, a spokesperson for the crypto startup, confirmed that Atkins was a paid advisor to the firm for a period of 18 months.

However, his role with the Foundation officially concluded in December 2019, and he had no ongoing ties to the company at the time of his nomination as the SEC Chair in November 2024.

The startup’s co-founder and CEO Nevin Freeman highlighted Atkins' contribution to the project and his balanced way of regulating cryptocurrencies.

I’m pleased to hear that Paul Atkins is in the running for SEC chair!

Paul has been open to working with crypto clients in his consultancy since 2017. I believe he would take a principled approach and I’d be very excited to work with him and his team on productive rule makings… https://t.co/Xp88ha0H8z

— Nevin Freeman 🌐👾 (@nnevvinn) November 28, 2024

Moreover, market experts have credited RSR’s recent price appreciation partially to hopes that Atkins’ SEC Chair nomination could bring a crypto-friendly regulatory period for cryptocurrency projects. This can be seen from the token’s robust performance.

Recently, the news broke that Oregon’s Attorney General is preparing to file a securities enforcement action against cryptocurrency exchange Coinbase. The development comes after the exchange announced support for Base in August.