- Coinbase has listed the Reserve Rights (RSR) token on the Ethereum Layer-2 Base network, coinciding with Paul Atkins’ swearing-in as SEC Chair.
- Following the listing, RSR’s price jumped over 13% in 24 hours, reaching a near two-month high of $0.008524.
The leading crypto exchange, Coinbase has officially listed Reserve Rights (RSR) on the Ethereum Layer-2 Base network today, April 22, 2025. Trading went live at 9 AM PT, and transfers are already active on both Coinbase and Coinbase Exchange in supported regions.
Trading will begin on or after 9AM PT on 22 April, 2025 if liquidity conditions are met. Once sufficient supply of this asset is established trading on our RSR-USD trading pair will launch in phases. Support for RSR may be restricted in some supported jurisdictions.
— Coinbase Assets 🛡️ (@CoinbaseAssets) April 21, 2025
RSR is the governance token for the Reserve Protocol, a project focused on maintaining the stability of its stablecoin, Reserve Dollar (RSV). The listing has boosted investor interest, with the token jumping over 17.39% in the past 24 hours, reaching a near two-month high of $0.008524. It has also gained more than 31% in the last month.
What’s catching attention is the timing of this listing. Just a day after, on April 21, Paul Atkins was officially sworn in as the new Chair of the U.S. Securities and Exchange Commission (SEC). Atkins had previously served as an advisor to the Reserve Protocol during its early days, although he is no longer affiliated with the project.
Paul Atkins’ SEC Appointment Sparks Optimism for Crypto Regulation
Paul Atkins, who replaces acting Chair Mark Uyeda, has promised a more balanced and clear approach to crypto regulation. His confirmation has sparked hopes across the crypto industry for a more supportive regulatory environment.
Some market analysts believe RSR’s recent price surge is linked to optimism around Atkins’ appointment and his past connection to Reserve. While Coinbase hasn’t commented on the timing, the listing adds momentum to a project that now stands as the 107th largest crypto by market cap, valued at $471.8 million.
The move comes as Coinbase also faces a new legal challenge from Oregon’s Attorney General. That is preparing a securities enforcement action against the exchange.
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