Former Bakkt CEO Kelly Loeffler lost her Senate seat to Democrat Raphael Warnock in a special election Tuesday night.
Senator Kelly Loeffler received the hefty payout from her husband's company, Intercontinental Exchange, as she left bitcoin company Bakkt to take up her political position.
U.S. Senator Kelly Loeffler and her husband sold up to $3.5 million in stock after a Jan. 24 briefing on COVID-19, but ICE says the transactions were conducted by financial advisors who had no input from the two.
Newly appointed senator Kelly Loeffler is to join the committee that oversees the Commodity Futures Trading Commission, raising concerns of a possible conflict of interest.
Bakkt chief product officer Mike Blandina will take over as CEO following the departure of new Senator Kelly Loeffler.
Bitcoin futures platform Bakkt has brought Google Wallet and PayPal vet Mike Blandina as its chief product officer.
Bakkt has tapped Tom Noonan, a founder of multiple cybersecurity startups, to chair its new board.