Georgia Governor Brian Kemp named Bakkt CEO Kelly Loeffler to replace retiring GA Senator Johnny Isakson, who plans to step down from office at the end of the year for health reasons. Loeffler, 49, is expected to bring a decidedly pro-cryptocurrency voice to the U.S. Senate, having served as Intercontinental Exchange’s (ICE) digital asset head prior to taking on the leadership role at Bakkt.
In a statement, ICE confirmed that Loeffler will step down from her job at Bakkt before she is sworn in as Senator. Bakkt is expected to announce an interim CEO while it considers a replacement.
Multiple media outlets have framed the selection as a rebuff of President Donald Trump, who had reportedly urged Kemp to appoint Republican congressman Doug Collins to the seat. However, Loeffler has described herself as a supporter of the President’s agenda and described herself as a conservative who is “Pro-Second Amendment. Pro-military. Pro-wall. And pro-Trump."
Loeffler’s appointment comes at a time when digital currencies have been facing consistent skepticism in the halls of Congress, largely as a result of resistance to Facebook’s planned Libra project.