Bakkt CEO Reportedly Been Picked to Serve in U.S. Senate

Crypto custodian Bakkt’s CEO Kelly Loeffler has allegedly been picked by Governor Brian Kemp to serve in the U.S. Senate until the special election in November 2020. 

Loeffler will probably be asked one week from now to fill in as the substitution for U.S. Senator Johnny Isakson, who has revealed plans to clear his senate seat on December 31, as per a report by The Atlanta Journal-Constitution, citing “several senior GOP officials.”

Last re-elected in 2016, Isakson is set to leave office before the expiration of his term in 2022. Kemp has the authority to choose a substitution to fill in until the special election in November 2020.

The governor’s office, The Republican National Committee, Georgia Republican Party, and Senator Isakson’s office have not reacted to a request for comment. The Intercontinental Exchange (ICE) refused to comment.

A subsidiary of ICE revealed in 2018, Bakkt stated it was cleared to roll out in September, offering physically-settled bitcoin futures contracts. It additionally has plans for a buyer facing app next year.

Loeffler recently filled in as chief communication and marketing director at ICE.