Ripple co-founder backs venture launched by US senator's son: Report
CoinTelegraph·
60-second summary
Ripple co-founder Chris Larsen is reportedly backing a derivatives exchange launched by Senator Kirsten Gillibrand's son, Henry Gillibrand. The exchange aims to offer cryptocurrency derivatives, with Chris Larsen's involvement sparking concerns about potential conflicts of interest. The development comes as Senator Gillibrand negotiates ethics in a crypto market structure bill in Congress, raising questions about her son's venture.
While engaged in negotiations over ethics in a crypto market structure bill in Congress, Senator Kirsten Gillibrand said she had “no involvement” in her son’s derivatives exchange, backed by at least one industry figure.