Ripple co-founder invests in exchange founded by US senator's son

Ripple co-founder Chris Larsen has reportedly invested in the American Perpetuals Exchange (APEC), a derivatives exchange founded by Theodore Gillibrand, the son of U.S. Senator Kirsten Gillibrand. According to Cointelegraph, APEC has raised approximately $30 million, though the specific size of Larsen's investment was not disclosed. The investment was made while Senator Gillibrand is involved in negotiating the ethics provisions of the U.S. CLARITY Act.