RATE Group | ICE Pushes Back on Claim Ex-Bakkt CEO Dumped Stocks After Senate COVID Briefing
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ICE Pushes Back on Claim Ex-Bakkt CEO Dumped Stocks After Senate COVID Briefing

21 Mar ICE Pushes Back on Claim Ex-Bakkt CEO Dumped Stocks After Senate COVID Briefing

Posted at 11:30h in Bitcoin News by

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The new U.S. senator for Georgia, and former CEO of bitcoin derivatives exchange Bakkt, sold between $1.3 million and $3.2 million in stock following a private Senate briefing on COVID-19.

Senator Kelly Loeffler (R-Ga.) and husband Jeffrey Sprecher, the founder and CEO of Intercontinental Exchange (ICE), which owns the New York Stock Exchange as well as Bakkt, made a total of 29 transactions in the weeks after the Jan. 24 briefing, the Daily Beast reports.

In a statement, ICE said Loeffler and Sprecher “have made clear that those transactions were executed by their financial advisors without Mr. Sprecher’s or Senator Loeffler’s input or direction,” and that the trades complied with company policies.

According to the Senate Financial Disclosures website, the two sold shares in Resideo Technologies, Exxon Mobile, Ross Stores, Tencent and Delta Airlines, among other companies. The transaction values ranged from $1,001 to $500,000. The total sales sum up to a small fraction of her net…

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