The Governor of Georgia Brian Kemp is expected to appoint Kelly Loeffler who is the CEO of Bakkt exchange for a United States senate seat next week. As the reports from Atlanta’s local news outlet AJC showed on November 29, Kemp plans to choose Loeffler in an attempt to expand the appeal of the Republican party to women. The Bakkt CEO also backs the President Trump, even though the satisfaction is not mutual.
However, the president Donald Trump is apparently not interested or a fan of Loeffler. As AJC reported, if nominated, the Bakkt CEO will become just the second woman to serve in the United States Senate from Georgia.
Loeffler has been featured in the cryptocurrency news as a person who could easily finance GOP activities and with her personal fortune – to break fundraising records. And while the Bakkt CEO backs Trump and said that she wants to strengthen the border, shut down drug and human trafficking, lower healthcare costs and many other things, Trump is not sold on the CEO of the exchange.
“If chosen, I will stand with President Trump, Senator David Perdue, and you to Keep America Great” Loeffler said.
This sea tis currently occupied by Johny Isakson who is known as a veteran in the Senate waters. He will leave the Senate at year’s end because of health problems. According to unspecificed Republican Party officials, Kemp is expected to publicly announce Loeffler and its appointment at press conference occurring next week.
However, the President of United States is not a fan of the Bakkt CEO. A while ago, various party leaders (including the President Donald Trump) pressed to choose US representative Doug Collings instead. The Republican leaders saw a lot in Collins because of his strong support for Trump, gun rights and anti-abortion efforts.
The President as well as many among his followers are not completely sold on Loeffler and are apparently viewing her as too moderate. The outlet also showed that Kemp met with the President and Loeffler last week to discuss and try to obtain Trump’s approval of his pick for the Senate. However, the meeting was to no avail.
Meanwhile, we can see that as Bakkt CEO backs Trump, the institutional interest is on the rise and now increases. Bakkt, for instance ,is having another of the daily volume records.
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BitMEX Faces $300 Million Lawsuit Over Lost Equity
“Through this action, Plaintiffs seek damages representing the value of their equity interest in BitMEX, which is conservatively estimated to exceed $50,000,000, together with punitive damages of $250,000,000. Plaintiffs also seek injunctive relief and other remedies, together with their attorneys’ fees and costs.”This move is definitely a headache and as BitMEX faces a new lawsuit, it is something that is piling up in the negative news as of recently. According to reports from earlier, the exchange has seen its popularity enduring despite a major data leak in November. Bitcoin news outlets showed that executives at the exchange appear a little concerned by the blunder which saw a lot of email addresses sent out to other users.However, what still remains good is business - and daily trade volumes for the Bitcoin (BTC) derivatives are unchanged and currently at $1.6 billion. From this point, BitMEX is solid and remains one of the top exchanges in the world.
Circle Lays Off 10 More Employees, Rejects Connection To CEO Leaving
"None of this is related to Sean transitioning out of the co-CEO role. Sean will continue to serve on Circle's board.”As a reminder, Neville launched Circle with Jeremy Allaire back in 2013. As Circle lays off 10 employees now but has been strong over the years. We can see that they directed many of the changes in the industry in the recent years, including a pivot away from Bitcoin (BTC) as well as the acquisition of the cryptocurrency exchange Poloniex back in 2018.Last month, two former executives at Circle, Daniel Matuszewski and Julien Collard-Seguin along with a third partner founded the proprietary crypto trading firm CMS Holdings. This firm plans to invest 30% of its capital in the most liquid cryptocurrencies such as Bitcoin (BTC), Ether (ETH) and around 40% to 50% into less-traded digital assets.Matuszewski, who left the company in August, admitted that he would not have started a similar firm a couple of years ago because of risk concerns and explained:
“There was always a non-zero chance that bitcoin would gap down, die, and never come back. [...] It’s a lot safer now, in that it’s probably not going to disappear.”
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