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Senator Kelly Loeffler, formerly the CEO of Bitcoin (BTC) futures exchange Bakkt, will not be returning to Washington, at least not as a legislator.
According to AP News on Jan. 6, Democratic candidate Raphael Warnock has won one of the tightly contested runoff elections in the Southern state of Georgia.
The runoff elections have been closely watched in the United States, as they will determine which party controls a majority in the Senate, which will set the timbre for President-elect Biden's legislative approach when he assumes office on Jan. 20.
The race is still too close to call between Republican David Perdue and Democratic challenger Jon Ossoff.
The runoff elections were necessary after no candidate received the necessary portion of votes to win in the regularly scheduled elections in November.
While AP and The Guardian have called the race for Warnock, Loeffler seems to be modeling President Donald Trump's approach to losing an election.
Source: https://cointelegraph.com/news/dem-candidate-beats-former-bakkt-ceo-kelly-loeffler-in-tight-senate-race