According to documents submitted to the US Securities and Exchange Commission by Bakkt ’s parent company Intercontinental Exchange (ICE), Kelly Loeffle, a member of the U.S. Senate and former CEO of Bakkt, earned $ 3.5 million during his tenure at Bakkt in 2019 (including $ 980,000 in cash. The rest is in the form of equity). The document shows that its investment portfolio may also involve hundreds of millions of dollars of investment. Loeffle was appointed as a member of the US Senate last year. In March this year, thedailybeast claimed that it had sold $ 1 million in stock after receiving information about the new coronavirus. In April, Loeffle liquidated all his shares for the re-election senator seat to get rid of allegations of insider trading.