Former Bakkt CEO Kelly Loeffler has been sworn into the United States Senate, as the state of Georgia’s newest Senator.
As former CEO of Intercontinental Exchange (ICE)-backed crypto trading platform Bakkt, Loeffler’s presence in the US Senate marks something of a milestone, introducing crypto expertise into an institution that has proven remarkably ignorant of technological progress.
49-year-old Senator Loeffler, who replaced 75-year-old Senator Johnny Jackson, has already voted in favour of US President Donald Trump’s pick to lead the Small Business Administration.
In fact, despite her crypto background, Loeffler is a through-and-through Trump-style Republican, describing herself as a “lifelong conservative. Pro-Second Amendment. Pro-military. Pro-wall. And pro-Trump.”
However, she has also been slammed by Trump supporters for being too moderate and for a perceived lack of experience – something hard to fathom considering her business career!
Regarding Loeffler’s state, Georgia, though a bill was proposed to allow state taxes and licenses to be paid using cryptocurrencies back in February 2018, nothing seems to have happened with it.