Boss of crypto trading platform Bakkt could run for office
A spot in Georgia’s Senate is open and might be filled by Kelly Loeffler
The cryptocurrency industry might have a supportive hand in at least one state’s Senate and it could be coming directly from the crypto business. Next week, supported directly by Governor Brian Kemp, Kelly Loeffler, the CEO of the Bakkt Bitcoin crypto futures exchange, will have to make a decision whether to accept a seat in Georgia’s Senate. By winning over candidate Doug Collins, a US Representative who had previously been expected to be a candidate for the position, and against all expectations, Loeffler might be the second women in US history to serve in Georgia’s Senate.
Besides the intention of adding more female presence in the state, it’s also a good opportunity to bring a Bitcoin business executive to the political space. With the name Bakkt gaining popularity in the crypto business, Loeffler might bring even more change in her political role, which will be announced by the beginning of next week. Loeffler filed for candidacy just a few hours before the deadline and has taken everyone by surprise.
This seat she is pretending to take is also being disputed by other interested candidates from both Democrat and Republican parties. Loeffler’s application faced some hostility, as well, since another has been receiving more support from President’s Trump office.
The impact that this decision, if it ever happens, will have is still unknown. It’s also unclear how this would affect Bakkt’s reputation which is currently removed from the political scope except for occasional discussions on the firm’s processes and security of the Bitcoin space.