In a somewhat surprising turn of events, and yet another sign that the divide between blockchain and government bodies is growing ever narrower, the Governor has named Kelly Loeffler as his pick to fill a Senate seat that will soon be vacant. Kelly Loeffler is the chief executive at Bakkt, a new cryptocurrency platform designed to offer services for holding funds, trading, and much more.
Vacant Senate Seat
If the governor’s plan goes through, Loeffler will take her seat in Senate without having to undergo the normal processes that Senators are often required to go through. The seat being vacated belongs to Senator Johnny Isakson who has announced his own plans to leave office before his term runs its full course. With special elections still a year away, it is important the empty seat is filled. The governor, therefore, has the right to appoint anyone he thinks is most suitable for the position. His choice at this point in time being Kelly Loeffler.
Loeffler’s time in office would be a trying one for the financial executive, and quite possibly short-lived. There is much in fighting amongst the Republican party for a chance at the seat and many privy to the situation have said that no matter which hopeful is chosen their time in office will only reach the elections.
For the Bakkt executive, there are two primary challenges in taking a seat at senate. The first being that she would be one of the first women to have ever served on the Georgia Senate. And, the second being that she may not have the time she needs to prove to people that blockchain-powered solutions are right for both the State of Georgia and the U.S. on the whole. Still, though, it is an interesting step that the governor is taking by tapping Kelly Loeffler for the position.
What is Bakkt?
Bakkt is one of the most promising new crypto products to hit the market and has the potential to be a game changer for blockchain across the board. In fact, Bakkt is more than just a ‘product’: it is a platform that will create a whole slew of new opportunities for investors and crypto enthusiasts alike.
The company behind the Bakkt project is the same one that created the New York Stock Exchange, and upon launch, Bakkt will already have some of the world’s largest companies and corporations under its belt. Names like Starbucks, Microsoft, and BCG are just the tip of the iceberg.
This is certainly an interesting situation for both the State of Georgia and the world of blockchain and cryptocurrencies. While it’s merely speculation at the moment, having a Bakkt exec in office gives the governor of Georgia a very interesting advantage over many other governors throughout the United States when it comes to finding blockchain-related solutions for his state. Of course, only time will tell, but when we look at what other governments around the world have started doing with blockchain and cryptocurrencies, the benefits of development in the blockchain sphere are undeniable.