Bakkt CEO Expected to Be Appointed to Senate, But President Donald Trump Isn’t Too Happy

A new seat in the Senate will soon open up for Georgia, and the state’s governor believes that Kelly Loeffler of Bakkt would be the best choice for the job, which he’s expected to announce next week. However, President Donald Trump doesn’t appear to be on board at all and has even found someone else to fill the seat.

  • Bakkt is a platform developed by the Intercontinental Exchange.
  • President Donald Trump is wants to appoint U.S. Representative Doug Collins instead.

Kelly Loeffler is the CEO of Bakkt, the institutional Bitcoin futures platform launched by the Intercontinental Exchange. As Georgia Governor Brian Kemp aims to appeal to Republican women, reports indicate that he is expected to appoint Loeffler to a seat in the Senate next week. If she is nominated, Loeffler will make history for the state, becoming only the second woman in Georgia to ever serve with the US Senate. Local news outlet AJC reported on November 29th that it is even possible for Loeffler to finance GOP activities with her own funds alone, which could mean that some fundraising records will be broken.

Working to get the Republican vote in her favor, Loeffler expressed that strengthening the border is a goal of hers, as well as shutting down the trafficking of humans and drugs. Loeffler wants to see healthcare costs lowered for the public, and she has shown the desire to protect the national interests of citizens. In her own statement, Loeffler added,

“If chosen, I will stand with President Trump, Senator David Perdue, and you to Keep America Great.”

Presently, the seat that Loeffler would occupy is possessed by Johnny Isakson, who is facing health problems that are forcing him to step down. Officials from the Republican Party, though unnamed, stated that a public announcement on Loeffler’s appointment is expected from Brian Kemp at an upcoming press conference, planned for next week.

Despite Kemp’s apparent intentions, Trump and other party leaders reportedly are set on appointing U.S. Representative Doug Collins, rather the Loeffler. Collins has strongly supported Trump, as well as anti-abortion efforts and gun rights, which have been many of the deciding factors for Republican leaders getting behind the representative.

Loeffler, as the president and many loyal followers, see her, is too moderate. Though Kemp recently met with both Loeffler and the president last week for approval, he was unsuccessful in his efforts.

Even with this setback, Bakkt recently set a new record for daily volume of their Bitcoin futures contracts at $42.5 million on November 28th.

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Krystle M
Krystle is an American cryptocurrency blogger that wants to see the future of crypto and blockchain technology evolve. She has been writing about cryptocurrency for about a year, with a special interest in blockchain technology and regulatory measures around the world. While away from writing and learning about the changes in the cryptocurrency industry, she likes to indulge in science fiction novels and further her experience in playing both guitar and piano.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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