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According to TheBlock, US President elect Trump plans to appoint Kelly Loeffler, former CEO of cryptocurrency company Bakkt and former senator, as Secretary of Agriculture. Loeffler will also serve as co chair of Trump's inauguration committee. It is worth noting that Loeffler's husband Jeff Sprecher is the founder and CEO of ICE, the parent company of the New York Stock Exchange, which is the founder and major shareholder of Bakkt. In addition, according to the Financial Times, Trump's social media company, Trump Media and Technology Group (TMTG), is in deep negotiations for an all stock acquisition of Bakkt. Trump holds 53% of TMTG's shares. According to reports, Bakkt plans to build an institutional investor trading platform and may gradually shut down its licensed cryptocurrency custody business in New York. @ytoken 0 reply
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