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Larsen Backs Son of Senator's Crypto Exchange | Bitcoin and Crypto News
Description
Chris Larsen, co-founder of Ripple, is reportedly investing in APEC, a new derivatives exchange founded by Theodore Gillibrand, son of Senator Kirsten Gillibrand, amid intense scrutiny over potential conflicts of interest. The $30M funding round comes as Senator Gillibrand pushes her CLARITY Act — a major crypto regulatory bill — while her office insists she has no involvement in her son’s venture. Democrats are demanding ethics safeguards in the bill, which faces a shrinking timeline before the election, as Senate recesses loom and bipartisan momentum wanes.
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