{"id":257935,"date":"2020-04-17T12:33:47","date_gmt":"2020-04-17T16:33:47","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=257935"},"modified":"2020-04-17T12:33:47","modified_gmt":"2020-04-17T16:33:47","slug":"trump-taps-bakkts-ex-boss-kelly-loeffler-to-join-committe-to-reopen-the-country","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/trump-taps-bakkts-ex-boss-kelly-loeffler-to-join-committe-to-reopen-the-country","title":{"rendered":"Trump Taps Bakkt\u2019s Ex-Boss Kelly Loeffler to Join Committe to Reopen the Country"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">Kelly Loeffler, the Senator from Georgia and former chief executive of institutional investment company Bakkt, has gotten her first major government appointment.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Earlier this week, the Republican Senator announced on Twitter that President Donald Trump had appointed her to the committee that will oversee the country\u2019s re-opening amid the coronavirus pandemic.\u00a0\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Thank you, <a href=\"https:\/\/twitter.com\/realDonaldTrump?ref_src=twsrc%5Etfw\">@realDonaldTrump<\/a> for appointing me to your task force on re-opening America safely in the wake of <a href=\"https:\/\/twitter.com\/hashtag\/COVID19?src=hash&amp;ref_src=twsrc%5Etfw\">#COVID19<\/a>.<\/p>\n<p>With 22 million Americans filing for unemployment, it\u2019s clear we must start working to revive our economy and get the American people back to work safely.<\/p>\n<p>&mdash; Senator Kelly Loeffler (@SenatorLoeffler) <a href=\"https:\/\/twitter.com\/SenatorLoeffler\/status\/1250836976237977601?ref_src=twsrc%5Etfw\">April 16, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Administration Moves to Reopen America Despite Warnings\u00a0<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">The mission to reopen the United States is one that President Trump has been a++ for a couple of weeks now. The country shut its borders due to the coronavirus pandemic a little over a month ago, and with the economy in a seeming standstill, the President has expressed his desire to get the economy working again.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Despite the objections of several authorities and government agencies, the administration seems ready to move forward with the plan. In line with that, the White House has been publishing some names on the committee to reopen the country earlier this week.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As Axios\u00a0<\/span><a class=\"_e75a791d-denali-editor-page-rtfLink\" href=\"https:\/\/www.axios.com\/white-house-reopen-america-task-fore-868d9192-ce91-4aae-8794-ec52b9d11fda.html\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-preserver-spaces=\"true\">reported<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0earlier today, the administration has published a list of over 200 members, which included CEOs, venture capitalists, and other career business people. Apart from that list, however, the administration also invited several Congress members to join the\u00a0<\/span><a class=\"_e75a791d-denali-editor-page-rtfLink\" href=\"https:\/\/www.whitehouse.gov\/briefings-statements\/president-donald-j-trump-convenes-members-congress-serve-opening-america-congressional-group\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-preserver-spaces=\"true\">Opening Up America Again Congressional Group<\/span><\/a><span data-preserver-spaces=\"true\">.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The committee will be bipartisan. Along with Loeffler, some names on the list include Sen. Dick Durbin (D-Ill.), Sen. Amy Klobuchar (D-Min.), Sen. Lamar Alexander (R-Tenn.), Sen. Rob Portman (Ohio), and more.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">All Senate Republicans have been called, with the lone exception of Mitt Romney (Utah), who had voted for the President\u2019s impeachment earlier this year.\u00a0<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Loeffler is Moving Beyond Her Coronavirus Controversy\u00a0<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">Loeffler\u2019s nomination came on the heels of controversy over some of her financial decisions made amid the pandemic. Last month, the Senator came under fire after the Daily Beast reported that she and her husband \u2013 Jeffrey C. Sprecher, the chief executive of Bakkt\u2019s parent company, the Intercontinental Exchange \u2013 had used <a href=\"https:\/\/insidebitcoins.com\/news\/former-bakkt-ceo-kelly-loeffler-accused-of-improper-trading-practices\/254483\">privileged information<\/a> to make trades.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As the news source explained at the time, the couple had liquidated over 27 stocks on the same day that Loeffler had attended a Senate Health Committee on the coronavirus. They went on to purchase significant stocks in other firms as well.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Given the circumstances, timing, and the performances of several of these companies in the coming weeks, many had cause to believe that Loeffler had used the information she got from the meeting to get out of companies she perceived as weak and invest in firms that would benefit from the stay-at-home order.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">She denied the allegations at the time, explaining that she doesn\u2019t have any control over the day-to-day activities of her investment portfolio and adding that a third-party advisor usually handles her investments. The excuse didn\u2019t pass, and the backlash kept coming.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">She eventually announced earlier this month that she would be liquidating all her investment positions in a bid to \u201cmove beyond the distraction.\u201d She added that going forward, all her investments will be in mutual funds and exchange-traded funds (ETFs).<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">Kelly Loeffler, the Senator from Georgia and former chief executive of institutional investment company Bakkt, has gotten her first major government appointment.\u00a0 Earlier this week, <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/trump-taps-bakkts-ex-boss-kelly-loeffler-to-join-committe-to-reopen-the-country\" title=\"Trump Taps Bakkt\u2019s Ex-Boss Kelly Loeffler to Join Committe to Reopen the Country\">[&#8230;]<\/a><\/div>","protected":false},"author":1770,"featured_media":257429,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7596],"tags":[7691,734,9313,10656,9463,8333],"class_list":["post-257935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-bakkt","tag-bitcoin","tag-etfs","tag-jeffrey-c-sprecher","tag-kelly-loeffler","tag-trump"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump Taps Bakkt\u2019s Ex-Boss Kelly Loeffler to Join Committe to Reopen the Country - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Kelly Loeffler, the Senator from Georgia and former chief executive of institutional investment company Bakkt, has gotten her first major government appointment.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/257935\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump Taps Bakkt\u2019s Ex-Boss Kelly Loeffler to Join Committe to Reopen the Country\" \/>\n<meta property=\"og:description\" content=\"Kelly Loeffler, the Senator from Georgia and former chief executive of institutional investment company Bakkt, has gotten her first major government appointment.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-17T16:33:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/04\/Kelly-Loeffler-getty-images.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"723\" \/>\n\t<meta property=\"og:image:height\" content=\"406\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jimmy Aki\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@adejimi\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jimmy Aki\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/257935#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/257935\"},\"author\":{\"name\":\"Jimmy Aki\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/a66ff7827d8bed054aa6be4e9d8c1dad\"},\"headline\":\"Trump Taps Bakkt\u2019s Ex-Boss Kelly Loeffler to Join Committe to Reopen the Country\",\"datePublished\":\"2020-04-17T16:33:47+00:00\",\"dateModified\":\"2020-04-17T16:33:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/257935\"},\"wordCount\":518,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/257935#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/04\/Kelly-Loeffler-getty-images.jpg\",\"keywords\":[\"Bakkt\",\"Bitcoin\",\"ETFs\",\"Jeffrey C. 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