This just happened after Bakkt CEO becomes US senator!

[cheezcarls]

Bakkt is rolling out two new trading options on December 9th: Bitcoin (USD) Options and Bitcoin (USD) Cash Settled Monthly Futures. Just yesterday, Bakkt’s CEO was appointed as a U.S. senator in Georgia.

Bakkt has been making headlines in the news again as its CEO is appointed to a Georgia Senate seat despite the ire of President Trump. The exchange itself has been ramping up its trading services, however, as the trading platform breaks new ground in the greater political and financial press.

Read more here

First of all, I would like to say congratulations to Bakkt CEO for successfully becoming a US senator in Georgia!

Truly, this was indeed a possible game-changer as she would become an advocate for Bitcoin and other cryptocurrencies to be adopted in the country. Despite that Donald Trump not being a fan of Bitcoin, but who knows?

This is just a small step towards big awareness to the US citizens about the positive use case of Bitcoin and other cryptocurrencies.

This one reminds me of a Philippine senatorial candidate Ted Casino who pushes blockchain technology for elections, which he did not won a seat. I just believe one day he will in the next election period.

Anyways, good job Bakkt!

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[CryptoBry]

This is just a small step towards big awareness to the US citizens about the positive use case of Bitcoin and other cryptocurrencies. This one reminds me of a Philippine senatorial candidate Ted Casino who pushes blockchain technology for elections, which he did not win a seat. I just believe one day he will in the next election period.

The more that we have crypto-friendly people sitting in many positions (both elected and appointed) the more that the causes championed by the Bitcoin and cryptocurrency community can be heard and be influential. In fact. I am dreaming that one day this community can be a big voice that can be a force in an election. However, we should also be careful that cryptocurrency will not be mixed with political colors and persuasions but that of the interest of the people alone. In addition, the reason why Ted Casino may have a hard time in any national election is because he is very much identified with the left, the group which is falling out of flavor with the people with the rise of Mr. Duterte.

[sana54210]

But how sure are we that these people have good plans for cryptocurrency? Okay, I know that this CEO of Bakkt, Loefler, shows herself as a crypto enthusiast, but I have done my research on her and I don't really know if these people are being honest or they just have some evil plans.

First of all, I've discovered that she's one of those that attended FIFA women cup as Trump's Presidential Delegation. We all know that Trump is a big hater for anything cryptocurrencies, and even that same month he tweeted how much he disapproves of the use of crypto. Now if the CEO of Bakkt is working closely with such a person, how sure are we that they have good plans for cryptocurrency?

I have also seen commentators that claimed CME Group and Bakkt means an attack on cryptocurrency. And Chico Crypto said on Twitter that these organizations are fighting crypto and keeping the dollar on top.

[electronicash]

But how sure are we that these people have good plans for cryptocurrency? Okay, I know that this CEO of Bakkt, Loefler, shows herself as a crypto enthusiast, but I have done my research on her and I don't really know if these people are being honest or they just have some evil plans.

First of all, I've discovered that she's one of those that attended FIFA women cup as Trump's Presidential Delegation. We all know that Trump is a big hater for anything cryptocurrencies, and even that same month he tweeted how much he disapproves of the use of crypto. Now if the CEO of Bakkt is working closely with such a person, how sure are we that they have good plans for cryptocurrency?

I have also seen commentators that claimed CME Group and Bakkt means an attack on cryptocurrency. And Chico Crypto said on Twitter that these organizations are fighting crypto and keeping the dollar on top.

true. the fact that this bakkt doesn't help the price, its CEO now positioned to hand the information to the government. i don't even think anyone here registered there in bakkt.

ted casiño also is an asshole who wants Duterte administration to fall, this guy had been supporting insurgency his whole life.  he doesn't deserve shit in government. i doubt he has any slight idea about blockchain. the last shit comes out his mouth was supporting the vandalism in the city for being art.

[kryptqnick]

This is just a small step towards big awareness to the US citizens about the positive use case of Bitcoin and other cryptocurrencies.

I believe that this is the biggest effect of the appointment. It's not like one senator can make a huge difference in terms of policies, and it's not like she is Satoshi Nakamoto, she represents a very peculiar Bitcoin-related company. However, with her being around, more people will hear about Bitcoin, learn how it can be used and at least that it's not a total scam, as many still believe. This is already a big accomplishment, and she might also be a strong voice against harsh regulations because her business would suffer from them as well. All in all, I congratulate the US with a powerful female pro-crypto senator.

[dude2911]

It really depends on what committee positions she holds, and that's what should be paid attention to. If she sits on any financial committees, that would really be noteworthy. Unless some policies will roll out, its not that helpful. Someone from Georgia should call their office as a constituent to find out.

[th3nolo]

Recently a user on Twitter published that Bakkt physical delivery contracts can only be withdrawn through official brokers who do not give you Bitcoin, only fiat, so in theory are already cash settlements contracts.

What do you know about it, is it true or is it just a speculation?

[L0FH6]

I can see in the 2020s that there will be bitcoin maximalists that infiltrate government ranks to turn it inside out.

[darkangel11]

I don't see it as positive news because BAKKT is overhyped and is in fact not doing anything for the price. The CEO is also reluctant to say anything about Bitcoin in her interviews. When asked about her views as a politicians she said that she's anti-abortion, trump supporter and all that but nothing about cryptocurrencies. This should ring a bell. She's in crypto for the money and bakkt is supposed to make her more fiat money.

[Yaunfitda]

Title is misleading, I do hope that the OP has somewhat verified everything before posting this link. This has nothing to do with her, appointed as US senator. Because they have this plans along the way whether she becomes a Senator or not,

Bakkt bitcoin options on futures to launch December 9: an industry first.



Just look at the date she posted it, Oct, 24, so regardless, they're going to push thru with the offering this December.

[meanwords]

Now this is a good news. We now know that one government official is now a pro-Bitcoin and I think it will give a positive impact on the overall view of the masses to Bitcoin. To be honest, I don't care if Bakkt is overhyped right now or not but as time goes by, more people will heard Bitcoin and I think the CEO of Bakkt will be the influencer we will need.

[pakhitheboss]

Good news indeed!!

Slowly Bitcoin minimalist is occupying a respectable position in Government. This will help a lot if you talk about adoption in the US. If the US accepts Bitcoin then the allies will also follow.

[samcrypto]

Title is misleading, I do hope that the OP has somewhat verified everything before posting this link. This has nothing to do with her, appointed as US senator. Because they have this plans along the way whether she becomes a Senator or not,

Bakkt bitcoin options on futures to launch December 9: an industry first.



Just look at the date she posted it, Oct, 24, so regardless, they're going to push thru with the offering this December.

Great views mate, and of course BAKKT should plan ahead with regards to their development and if she becomes a Senator then she might not be able to work with BAKKT anymore since its a conflict of interest but hopefully she’ll make a plan or any law with regards to adoption. BAKKT should grow at least, and its good that US will slowly become a place for cryptos.

[Jet Cash]

One way for the central banks to reduce the impact of  Bitcoin globally, is for them to own all the Bitcoin. This probably won't happen, but if they own enough, then they can destabilise the market, and destroy public confidence in it daily use. I still wonder how many mining farms are owned by central banks.

[alyssa85]

First of all, I would like to say congratulations to Bakkt CEO for successfully becoming a US senator in Georgia!

She only been temporarily appointed to the senate as the incumbent had to step down due to health problems.

She's now the Republican candidate for the US senate race that will take place in November 2020.

She still has to get elected to carry on after 2020...

For more on the senate race, see the following:

https://www.politico.com/news/2019/12/04/kelly-loeffler-georgia-senate-special-election-075218

[Kprawn]

Cash settled futures are more popular than futures settled with assets, but it has no significant impact on the actual price, because no bitcoins are

changing hands. The other thing is, a politician might be a supporter of a specific thing, but it is not to say that whatever the politician is supporting

would benefit from him/her being in a position of power. We saw a lot of pro-bitcoin electorates in the buildup to the national election in the USA and

nothing positive has come from that. One grasshole at the top makes a stupid comment on twitter and the rest of them goes silent. 

[kro55]

Many congrats to Kelly Loeffler for making it to Georgia senate.
The government stance on crypto is very clear and people like Kelly have to follow the government stance on crypto. I don't think she would be able to do any lobby for turning government favor towards cryptocurrency. So we must not expect anything good coming for crypto after her appointment in Georgia senate. All the best to her new senate job.

[Slow death]

Politics is a very different world from the normal world. If she is for bitcoin, but does not have a lot of support from the people of her state and her party, she is more likely not to talk about making good  laws for bitcoin. That's because in politics it works the method of exchanging favors and manipulations to always be popular and liked by most people.

[serjent05]

But how sure are we that these people have good plans for cryptocurrency? Okay, I know that this CEO of Bakkt, Loefler, shows herself as a crypto enthusiast, but I have done my research on her and I don't really know if these people are being honest or they just have some evil plans.

First of all, I've discovered that she's one of those that attended FIFA women cup as Trump's Presidential Delegation. We all know that Trump is a big hater for anything cryptocurrencies, and even that same month he tweeted how much he disapproves of the use of crypto. Now if the CEO of Bakkt is working closely with such a person, how sure are we that they have good plans for cryptocurrency?

I have also seen commentators that claimed CME Group and Bakkt means an attack on cryptocurrency. And Chico Crypto said on Twitter that these organizations are fighting crypto and keeping the dollar on top.

Just because of Pres. Trump hates cryptocurrency, you think that Loefler also hates cryptocurrency or have evil intentions towards it. I think that logic is broken.  Each person has different POV and we have seen in the past that Loefler is one of those who promote cryptocurrency.  I think this event will help Cryptocurrency, especially Bitcoin to be legalized and be accepted in  the US though I am sure cryptocurrency regulation and taxation will be pushed also.

[Lucius]

Title is misleading, I do hope that the OP has somewhat verified everything before posting this link. This has nothing to do with her, appointed as US senator. Because they have this plans along the way whether she becomes a Senator or not,

OP is just posting for the only purpose of promoting his link, and you are absolutely right that what Bakkt does has nothing to do with the fact that their CEO has become a senator. OP also lives in the illusion that one senator can change things, or that the fate of Bitcoin depends on US politics.

In the next article from OP, "Kelly Loeffler seduce Donald Trump to accept Bitcoin", we are going to the Moon

[henrybek3]

The relationship between Bitcoin and Bakkt should no longer be evaluated. Bitcoin missed this opportunity. Now we need new stories. Bakkt's excitement is gone. Maybe successful work can be done. However, I see this situation as negative.

[Yaunfitda]

Title is misleading, I do hope that the OP has somewhat verified everything before posting this link. This has nothing to do with her, appointed as US senator. Because they have this plans along the way whether she becomes a Senator or not,

OP is just posting for the only purpose of promoting his link, and you are absolutely right that what Bakkt does has nothing to do with the fact that their CEO has become a senator. OP also lives in the illusion that one senator can change things, or that the fate of Bitcoin depends on US politics.

In the next article from OP, "Kelly Loeffler seduce Donald Trump to accept Bitcoin", we are going to the Moon

Lol,  . Perhaps my point is, maybe we should check at what we are going to post, as not to confused everyone, specially newbies joining the crypto sphere.

Well, its good to hear something like this, but it won't change a thing though, it boils down to a simple supply and demand, not politics.

[stompix]

In the next article from OP, "Kelly Loeffler seduce Donald Trump to accept Bitcoin", we are going to the Moon

But, Trump is actually a bitcoin adept, you just have to look closer to his tweets about the economy.

Chuck Schumer sat for years during the Obama Administration and watched as China ripped off the United States.

This is clearly a hidden message in which Trump tells us to buy BTC.
I wonder how the OP missed this story.

The relationship between Bitcoin and Bakkt should no longer be evaluated. Bitcoin missed this opportunity. Now we need new stories. Bakkt's excitement is gone.

I really wonder how could bitcoin miss something...and what was it doing at that time. Betting on ponies? 

She only been temporarily appointed to the senate as the incumbent had to step down due to health problems.
She's now the Republican candidate for the US senate race that will take place in November 2020.
She still has to get elected to carry on after 2020...

It doesn't change a thing, she is still a full senator till then, David Perdue is also going to end his term in 2020, does it makes him less of a senator?

[Rengga Jati]

In my view, when Bakkt CEO is a US senator already, it should have two possibilities.
1. She can be a good negotiator for crypto/Bitcoin adoption, or
2. She will be sued to fight Bitcoin/crypto as she is a part of the trump government.

Let's see what will happen. I think we don't need to expect too much.

[iamthewall]

In my view, when Bakkt CEO is a US senator already, it should have two possibilities.
1. She can be a good negotiator for crypto/Bitcoin adoption, or
2. She will be sued to fight Bitcoin/crypto as she is a part of the trump government.

Let's see what will happen. I think we don't need to expect too much.

Totally agreed with you. In the meantime we are suffering hard times since Bakkt' launch and yet its volumes haven't reached real big numbers.

[blckhawk]

Not so sure though, it still depends on the CEO. Indeed it is generally good for cryptocurrency's image, but the CEO might have another plans, especially it is politics, and power corrupts these peope into doing where they would benefit more that the others.

It could drive the prices up if whales decide to swim with it and manipulate the market, but it won't really assure that there would be any significant effect on the prices.

[Eclipse26]

It will open an opportunity to cryptocurrency to be discussed in the senate if possible that she would push and promote crypto. However, just like any other bill, it will take a lot of time, arguments, and discussion before it could pass the senate. She still needs to make a lot of efforts to convince and educate other government officials about crypto and how it could help the country if they were going to legalize and put regulations on it.

[gabbie2010]

As a proponent of bitcoin Bakkt CEO becoming US senator would lobby other members of Senate towards adopting of Bitcoin by SEC although Donald Trump had tweeted that he is not a fan of Bitcoin however the congressmen can pass a positive resolutions if well convinced about the benefits of adoption of Bitcoin by SEC would bring to the US economy thus popularising it.

[Swordsoffreedom]

The overall mindset of government officials is against bitcoin and cryptocurrency. Bakkt appointment as Georgia senate member won’t make any change in U.S government standings against cryptocurrency. Bitcoin don’t need support of U.S congress as long as it has backing of his own decentralized congress.

[audaciousbeing]

Its a good thing that a CEO whose allegiance in relation to crypto is wide open to everyone is being appointed to the Senate house. However, this is not the time to rejoice concerning the appointment expecting that there would be regulation to support crypto because for one, it was an appointment and not an election which means the CEO is accountable to the people who makes the appointment. Secondly, making law about the entire financial system of the country or the passing of any law for that matter goes beyond the position of an individual as it needs the support of the majority of both Chambers to get it passed without taking into consideration the Executive bottlenecks that needs to be passed before it becomes law.

[altcointalk14]

You can’t change U.S and other government narrative on bitcoin and other cryptocurrencies by few such appointments. We have to understand the reasons why governments are not in favour of cryptos. Tax collection, controlling money laundering and other such things will be a dream for governments if they legitimized crypto in there area of regime.