Sen. Gillibrand’s son is building a perps exchange that wants dual CFTC, SEC oversight: report

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Sen. Gillibrand's son is building the American Perpetuals Exchange Corporation, a perpetual futures exchange, which has raised $30 million at a $300 million valuation, Fortune reported on Thursday. The exchange reportedly seeks dual oversight from the CFTC and SEC, aiming to tap into the growing perpetual futures market, which is expected to continue driving growth in the crypto derivatives space.