Georgia Governor Brian Kemp is expected to appoint Kelly Loeffler, CEO of institutional Bitcoin (BTC) futures platform Bakkt, for a United States Senate seat next calendar week.

Atlanta's local news outlet AJC reported on Nov. 29 that Kemp plans to choose Loeffler in a bid to expand the appeal of the Republican party to women. If nominated, Bakkt's CEO volition go but the second woman to serve in the The states Senate from Georgia.

Furthermore, Loeffler could likewise finance GOP activities with her personal fortune, which the outlet suggests could break fundraising records.

Bakkt CEO backs Trump

In an apparent effort to try to obtain Republican approval, Loeffler said that she wants to strengthen the border, shut down drug and human trafficking, lower healthcare costs and protect the national interests of the U.Due south. She added:

"If chosen, I volition stand with President Trump, Senator David Perdue, and you to Keep America Neat."

The seat is currently occupied by Johnny Isakson, who will go out the Senate at year'southward terminate considering of wellness problems. Unspecified Republican Political party officials allegedly told the outlet that Kemp is expected to publicly announce Loeffler'due south appointment at a printing briefing next week.

But President not a fan of Loeffler

Various political party leaders, including President Donald Trump, reportedly pressed to choose U.S. representative Doug Collins instead. Republican leaders have pushed for the appointment of Collins given his stiff support for Trump, gun rights and anti-abortion efforts.

The President and many among his followers are not sold on Loeffler viewing her as too moderate. The outlet too reported that Kemp met with the President and Loeffler last week to attempt to obtain Trump's blessing of his pick for the Senate seat simply to no avail.

Meanwhile, institutional involvement in Bitcoin is seemingly increasing with Bakkt having fix another new daily volume record trading $42.5M in Bitcoin futures contracts on Nov. 28.