The 22-year-old son of Sen. Kirsten Gillibrand (D-NY) — one of Capitol Hill’s most prominent boosters of cryptocurrency legislation — has reportedly raised $30 million to launch a derivatives exchange startup that is already valued at $300 million.
Theodore Gillibrand, whose mother has emerged as a leading advocate for crypto regulation and stablecoin legislation, secured the funding round for his startup, American Perpetuals Exchange Corporation, or APEC, Fortune reported.
The fundraising was led by venture capital firm Lux Capital, according to Fortune, which cited sources familiar with the matter.
Right, because any 22-year-old can raise $30 million right out of the gate for a new business venture.
This smells as badly as a Trump-family crypto scam.



