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Ripple co-founder backs crypto exchange founded by US senator's son with $30M funding round

Market News
03 Jul 2026
UToday
View Source
Bullish
pluang ai news

Chris Larsen, Ripple co-founder and crypto billionaire, has joined elite investors backing American Perpetuals Exchange (APEC), a startup founded by Theo Gillibrand, son of Senator Kirsten Gillibrand. APEC secured $30 million in funding led by Lux Capital, valuing the company at $300 million. The platform focuses on perpetual futures products tied to U.S. equities. Larsen's support highlights growing political and financial interest in crypto, amid Senator Gillibrand's active role in shaping U.S. crypto regulations and ethics reforms.

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