Summary
- Former SEC member Paul Hastings is likely to be nominated as SEC chairman, which is analyzed as a major factor for the sharp rise in Reserve Rights (RSR) price.
- Reserve Rights (RSR) has recorded remarkable performance over the past week, rising by over 180%.
- As the news of Paul Hastings' nomination as SEC chairman candidate was confirmed, RSR's price rose by 134.46% compared to USDT.
On the 3rd (local time), news broke that Paul Hastings, known for his friendly stance towards virtual assets (cryptocurrency), has been nominated as the chairman of the U.S. Securities and Exchange Commission (SEC). As this news spread, the price of Reserve Rights (RSR), a protocol issuing Stablecoin RSV, surged by over 40%.
It was also confirmed in the community that former SEC member Paul Hastings worked as a consultant for Reserve Rights (RSR), which is seen as a major factor related to this. Additionally, during the past week when the news of his nomination as SEC chairman candidate circulated, RSR rose by 180%.
Meanwhile, RSR is trading at 0.021535 dollars on the Tether (USDT) market of Binance as of 2:51 AM on the 4th, up 134.46% compared to the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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