The CEO of Bakkt, Kelly Loeffler, might soon be picked as the new Senator for Georgia after Johnny Isakson steps down at the end of this year due to health complications. A recent report by Atlanta Journal Constitution revealed that Governor Kemp is set to make the announcement in the course of next week; could this lead to a new dawn for digital currencies at Capitol Hill?
Loeffler is however not Trump’s favorite for this position; the President had been supporting Congressman Doug Collins as the replacement for Isakson. According to the AJC report, Governor Kemp’s decision to pick a woman is more popular given a number of women have left the GOP party in the recent years. If successful, the Bakkt CEO will be Georgia’s 2nd woman Senate representative.
Bakkt Volumes Hit $37 Million
The Bakkt digital asset exchange volumes increased by almost double in the past week to hit a high of $37.4 million. Loeffler’s appointment would be a fundamental boost to Bakkt and the whole crypto industry; current hurdles in crypto regulation would be better addressed with FinTech leaders included. Bakkt also launched its Bitcoin Futures trading back in September which hit its highest traded volume on 27th November.