Chief Executive of ICE-backed crypto exchange Bakkt decided to step down in order to become a U.S. Senator of Georgia starting January 2020, CNN reports.
As it states, Georgia Gov. Brian Kemp appointed Kelly Loeffler to take over the seat of retiring Sen. Johnny Isakson.
Bakkt spokesman Josh King said in a press release that Intercontinental Exchange has a proud tradition of service to the community, and it applauds Kelly’s sense of duty to step forward to serve her country and represent the people of Georgia in the U.S. Senate.
"We are grateful to Kelly for her many contributions to Intercontinental Exchange spanning seventeen years and will miss her wisdom and counsel on the executive team and leadership of Bakkt," King added.
Previously iHodl reported that Bakkt plans to launch its cash-settled bitcoin futures in Singapore on December 9.
The new contracts will be settled through ICE Clear Singapore, an ICE unit regulated by the Monetary Authority of Singapore.
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