Larsen Backs Son of Senator's Crypto Exchange | Bitcoin and Crypto News

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. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/918538aa63c1e637