The CEO of the much-hyped Bitcoin futures platform Bakkt has been appointed to serve in the US Senate. Loeffler will replace Georgia Senator Johnny Isakson, who is due to retire at the end of this month.
At first glance, Kelly Loeffler’s appointment, like the launch of Bakkt itself, looks like an unmitigated success for the crypto industry. However, not everyone is so convinced that Bakkt and Loeffler have the best intentions for Bitcoin.
Bakkt CEO to Replace Georgia Senator, Will Bitcoin Benefit?
As widely reported this afternoon, Georgia State Governor Brian Kemp announced Kelly Loeffler as the outgoing Senator Johnny Isakson’s replacement. Loeffler is expected to take office on the first day of the new year, the day following Isakson’s retirement.
According to a report in NationalPublicRadio, many people had expected Loeffler to take Isakson’s place in the Senate, despite being a political newcomer herself. However, the Bakkt CEO is still a controversial choice. President Trump’s closest allies in the Republican Party had reportedly wanted Kemp to decide in favour of Rep. Doug Collins, an ardent supporter of US head of state. Read More...