U.S. Sen. Kelly Loeffler (R-GA) speaks throughout a project occasion January 3, 2021 in Canton, Georgia. Loeffler continued to project for the upcoming run-off election in a race versus Democratic U.S. Senate prospect Raphael Warnock. (Alex Wong/Getty Images)
President-elect Donald Trump is set to choose businesswoman and previous Georgia Senator Kelly Loeffler to act as the secretary of the Department of Agriculture, according to CNN.
The billionaire conservative donor is presently acting as the co-chair of Trump’s inauguration preparation committee.
The consultation comes as Trump’s innovation business is supposedly in speak with get crypto group Bakkt, previously headed by Loeffler and established by her other half Jeffrey Sprecher’s business Intercontinental Exchange. Loeffler worked as CEO of Bakkt from 2018 till December 2019, when she was selected to fill a job in the Senate by Georgia Governor Brian Kemp.
Trump Media and Technology Group’s interest in the group sent out shares of Bakkt skyrocketing previously today.
Loeffler drew criticism early in her Senate term for selling stock in retail companies following a rundown on the coronavirus pandemic. The $20 million offer raised issues over expert trading. She lost her seat in early 2021 to Democrat Raphael Warnock.
Loeffler’s visit drew another round of online criticism of supposed self-serving organization deals.
“So generally Loeffler (previous CEO of crypto business BAKKT) and her other half Sprecher (existing CEO of global exchange, which bulk owns BAKKT) are offering BAKKT to Trump’s Truth Social in exchange for a cabinet position, cool cool,” financial expert Joey Politano composed in a post to social networks.
Generally Loeffler (previous CEO of crypto business BAKKT) and her partner Sprecher (existing CEO of global exchange, which bulk owns BAKKT) are offering BAKKT to Trump’s Truth Social in exchange for a cabinet position, cool
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— Joey Politano (@josephpolitano. bsky.social) November 22, 2024 at 2:17 PM
If validated, Loeffler will be amongst the wealthiest members of Trump’s administration, signing up with billionaires Doug Burgum, Howard Lutnick, Linda McMahon, Vivek Ramaswamy and Elon Musk.