Former Bakkt CEO Becomes Curator Of The CFTC
US Senator Kelly Loeffler, the former Bakkt CEO, has become a member of the committee overseeing the Commodity Futures Trading Commission (CFTC). This was published on the official website of the regulator.
The new post allowed Kelly Loeffler to become a member of the US Senate Committee on Agriculture, Food, and Forestry. The authority of the latter extends to the activities of the CFTC. The entry of a specialist into a new position has led to a discussion of the possible occurrence of conflicts of interest.
The fact is that the Bakkt crypto platform, previously led by Kelly Loeffler, is a division of the CFTC-controlled Intercontinental Exchange (ICE). The CEO and founder of the latter is the spouse of the senator - Jeffrey Sprecher.
When the publication of news about the entry of Kelly Loeffler to the post of US senator appeared in the network, discussions began on the possibility of lobbying the interests of the crypto community by a specialist at the state level. Loeffler says that she is working to comply with the letter of the law and the rules adopted in the Senate constantly. Ahe is going to keep developing in this direction.
Recall that Kelly Loeffler took the post of US Senator, despite the fact that American President Donald Trump wanted to see another person in this position. During staffing changes, CEO Bakkt was assigned to Mike Blandina. Also, company representatives announced the appointment of a new president.