Ripple Co-founder Revealed to Have Invested in Company Founded by U.S. Senator's Son

CoinFeed July 3 news, according to Cointelegraph, Ripple co-founder and executive chairman Chris Larsen was revealed to have invested in the derivatives exchange American Perpetuals Exchange Corp. (APEC), founded by Theodore Gillibrand, son of New York Senator Kirsten Gillibrand. The platform is reported to have raised $30 million, with most investors contributing $5,000 to $10,000. The investment comes as Gillibrand is involved in negotiating the ethical provisions of the Clarity Act, which will have a significant impact on the U.S. crypto industry.