Ripple co-founder backs venture launched by US senator's son: Report
Cointelegraph 2026-07-02 22:01:25
Context: US Senator Kirsten Gillibrand's son has launched a derivatives exchange, which has received backing from Ripple co-founder Chris Larsen. The venture is emerging as Senator Gillibrand is involved in negotiations over ethics in a crypto market structure bill in Congress. The senator has asserted that she had no involvement in her son's exchange.
Key Facts
- Senator Kirsten Gillibrand's son has launched a derivatives exchange that has received backing from at least one prominent industry figure, Ripple co-founder Chris Larsen.
- The venture is emerging as Senator Gillibrand is engaged in negotiations over ethics in a crypto market structure bill in Congress, raising potential questions about conflicts of interest.
- Senator Gillibrand has stated that she had "no involvement" in her son's derivatives exchange, amid scrutiny of her potential connections to the venture.