• Loeffler made $3.5 million at Bakkt
    Politics

    Sen. Kelly Loeffler made $3.5 million at Bakkt

    Financial disclosure forms show she’s divested millions in stock after insider trading allegations. But it doesn’t seem to be helping the Georgia Republican in the November special election to keep her appointed seat, which she’s losing badly

    Thanks to Senate financial disclosure forms filed on May 1, we know a great deal about the cryptocurrency options and futures platform leader’s wealth, including the fact that she and her husband have been selling off investments at a furious pace.

  • Bakkt CEO Mike Blandina steps down
    People

    Bakkt CEO Mike Blandina steps down

    Bakkt’s recently appointed CEO has left the ICE exchange’s bitcoin futures and options platform. ICE VP of M&A David Clifton will replace him on an interim basis

    Bakkt CEO Mike Blandina has stepped down as leader of the cryptocurrency futures and options platform after only four months, according to a statement by owner Intercontinental Exchange, better known as ICE. He will be replaced on an interim basis by ICE vice president of M&A and integration David Clifton.

  • Sen, Kelly Loeffler Bakkt stock sales
    Commentary,  People,  Politics,  Regulation

    Sen. Loeffler Bakkt into corner by ‘timely’ stock sales

    The former CEO of the Bakkt cryptocurrency exchange sold at least $1 million in stocks after a private senate briefing on coronavirus made clear a market-tanking pandemic was coming

    It is “ridiculous” to think that former Bakkt CEO and current Sen. Kelly Loeffler (R-Ga.) would know that she began selling several million dollars’ worth of stock beginning the same day a private senatorial briefing on coronavirus made clear they would soon tank.

  • Sen. Kelly Loeffler has been in office three days and she still hasn't set up a press page. Doesn't she know that the most dangerous place in Washington is supposed to be between a member of Congress and a camera? (via @GovKemp)
    People,  Politics

    This is Awkward: Bakkt’s former CEO joins Senate committee overseeing CFTC

    Sen. Kelly Loeffler, who used to run bitcoin futures trading platform Bakkt was just appointed to a committee that oversees the Commodity Futures Trading Commission. What’s she gonna do?

    Former Bakkt CEO and current Senator Kelly Loeffler's membership on the committee overseeing the Commodity Futures Trading Commission presents a potential conflict of interest, but also gives the cryptocurrency industry a knowledgeable and friendly seat at the table.