Bakkt CEO Kelly Loeffler Wins Senate Seat

Loeffler was selected as a contentious candidate to fill the hot Georgia seat in the US Senate.

The CEO of Bakkt Kelly Loeffler won the Georgia Senate seat, in a contentious battle of candidates. The new role puts Loeffler in a position to appeal to female GOP potential voters. Loeffler will continue to fill the position at Bakkt until December 31, and the exchange will seek a new CEO.

“Loeffler will relinquish this post before being sworn in as the next United States Senator from Georgia, with Bakkt’s senior management team continuing to work closely with the ICE senior management team, building on the innovations and progress achieved in the past year,” the ICE said in a statement.

After the appointment, in which Loeffler won against the candidacy of Doug Collins, she expressed mostly her readiness to support conservative politics and a clear position for all the agenda of US President Donald Trump.

“I haven’t spent my life trying to get to Washington. But here’s what folks are gonna find out about me: I’m a lifelong conservative. Pro-Second Amendment. Pro-military. Pro-wall. And pro-Trump. I make no apologies for my conservative values, and will proudly support President Trump’s conservative judges,” Loeffler said for the Washington Post.

Loeffler will replace Senator Johnny Isakson, who will retire at the end of the year. During the appointment, Loeffler did not mention her role as related to Bitcoin (BTC) popularization, and her position was viewed as a “financial executive”.

Bakkt, in the meantime, is gaining in influence on the Bitcoin market, by setting up another source of speculative trading. The exchange also showed that its participants rarely take physical delivery, despite the thousands of BTC in positions traded.

The Bakkt exchange marked significant volumes during the latest bout of volatility for BTC, immediately reacting with new open interest.

The exchange is also on the threshold of launching options on futures, for yet another derivative trading tool. The ICE will also launch cash-settled futures in Singapore this December, based on the Bakkt physical delivery futures price.

Reading now