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Kelly Loeffler. Photo: Rich von Biberstein/Icon Sportswire via Getty Images

Georgia Gov. Brian Kemp's decision to name Kelly Loeffler as interim U.S. senator has generated lots of political buzz, due to some Trump loyalists claiming betrayal.

Why it matters: The intra-GOP skirmish has obscured the big business story, in that Loeffler will become one of precious few senators with a working knowledge of technology and, in particular, blockchain technology.

Context: Loeffler is founding CEO of Bakkt, an Atlanta-based cryptocurrency custodian and infrastructure company formed in mid-2018 as a subsidiary of Intercontinental Exchange.

  • Bakkt launched with over $180 million in Series A funding from ICE, Microsoft, Starbucks, Boston Consulting Group, and a raft of blockchain-focused investors.
  • In September it (finally) deployed physically-settled bitcoin futures contracts, to better encourage cryptocurrency trading, and volume keeps hitting new highs.
  • Bakkt also said its early 2020 plans include a consumer-facing app that would enable consumers to buy merchant goods via digital assets.
  • Loeffler isn't a techie by training — she previously led IR and marketing at ICE — but she's a savant by senate standards.

The big picture: The Senate has expressed interest in more clearly regulating digital assets, particularly in the aftermath of Facebook's Libra announcement. And most of the mainstream crypto market would welcome common rules of the road, but are understandably worried that most senators are swimming in ignorant waters.

  • Loeffler won't have too much legislative sway, given her interim status and inherent controversy, but she could become an invaluable asset for both sides of the conversation.

Go deeper:

Go deeper

Biden explains justification for Syria strike in letter to Congress

Photo: Chris Kleponis/CNP/Bloomberg via Getty Images

President Biden told congressional leadership in a letter Saturday that this week's airstrike against facilities in Syria linked to Iranian-backed militia groups was consistent with the U.S. right to self-defense.

Why it matters: Some Democrats, including Sens. Tim Kaine (D-Va.) and Chris Murphy (D-Conn.) and Rep. Ro Khanna (D-Calif.), have criticized the Biden administration for the strike and demanded a briefing.

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FDA authorizes Johnson & Johnson's one-shot COVID-19 vaccine for emergency use

Photo: Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images

The Food and Drug Administration on Saturday issued an emergency use authorization for Johnson & Johnson's one-shot coronavirus vaccine.

Why it matters: The authorization of a third coronavirus vaccine in the U.S. will help speed up the vaccine rollout across the country, especially since the J&J shot only requires one dose as opposed to Moderna and Pfizer-BioNTech's two-shot vaccines.

Updated 8 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios