The cryptocurrency exchange and derivatives platform, majority-owned by Intercontinental Exchange, is about to go public through a reverse merger with blank-check firm VPC Impact Acquisition Holdings, insiders said.
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Crypto vet Kelly Loeffler loses Senate seat
Sen. Loeffler, who stepped down as CEO of crypto derivatives platform Bakkt in December 2019 to take up a Georgia Senate seat, appears to have lost her re-election campaign
Loeffler resigned as CEO of Bakkt, a cryptocurrency derivatives exchange and custody firm owned by NYSE-parent company Intercontinental Exchange, or ICE, shortly ahead of her appointment to Georgia’s empty U.S. Senate seat on Dec. 4, 2019.
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Sen. Kelly Loeffler and her husband Jeffrey Sprecher with Vice President Mike Pence at her swearing in (Photo: White House/D. Myles Cullen)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.
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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.
