Bakkt CEO Will Be Asked to Fill Georgia Senate Seat in 2020: Report

Crypto custodian Bakkt’s chief executive Kelly Loeffler has reportedly been picked by Governor Brian Kemp to serve in the U.S. Senate until the special election in November 2020.

Loeffler will likely be asked next week to serve as the replacement of U.S. Senator Johnny Isakson, who has announced plans to vacate his senate seat on December 31, according to a report by The Atlanta Journal-Constitution, citing "several senior GOP officials."

Last re-elected in 2016, Isakson is set to leave office before the expiration of his term in 2022. Kemp has authority to pick a replacement to fill in until the special election in November 2020.

The governor's office, The Republican National Committee, Georgia Republican Party and Senator Isakson’s office have not responded to a request for comment from CoinDesk. The Intercontinental Exchange (ICE) declined to comment.

A subsidiary of ICE announced in 2018, Bakkt said it was cleared to launch in September, providing physically-settled bitcoin futures contracts. It also has plans for a consumer facing app next year.

Loefller previously served as chief communication and marketing director at ICE.

Additional reporting by Brady Dale.