President-elect Donald Trump is set to nominate businesswoman and former Georgia Senator Kelly Loeffler to serve as the secretary of the Department of Agriculture, according to CNN. The appointment comes as Trump’s technology company is reportedly in talks to acquire crypto group Bakkt, formerly headed by Loeffler and founded by her husband Jeffrey Sprecher‘s company Intercontinental Exchange. Loeffler served as CEO of Bakkt from 2018 until December 2019, when she was appointed to fill a vacancy in the Senate by Georgia Governor Brian Kemp. Trump Media and Technology Group’s interest in the group sent shares of Bakkt soaring earlier this week. Loeffler drew criticism early in her Senate term for selling off stock in retail firms following a briefing on the coronavirus pandemic.

Source: CNN November 23, 2024 00:08 UTC