Ripple co-founder Chris Larsen reportedly backed a derivatives exchange launched by Senator Kirsten Gillibrand’s son. Gillibrand said she had “no involvement” in the venture while participating in congressional negotiations over ethics provisions in crypto market structure legislation.
Ripple co-founder Chris Larsen reportedly backed a derivatives exchange launched by Senator Kirsten Gillibrand’s son. Gillibrand said she had “no involvement” in the venture while participating in congressional negotiations over ethics provisions in crypto market structure legislation.
The reported connection is notable because Gillibrand has been involved in congressional negotiations over ethics provisions in a crypto market structure bill. The exchange’s backing by an industry figure places added attention on potential links between crypto businesses and lawmakers’ families.
Ripple co-founder Chris Larsen has reportedly backed a derivatives exchange launched by the son of US Senator Kirsten Gillibrand. The senator said she had “no involvement” in her son’s venture.
The reported connection is notable because Gillibrand has been involved in congressional negotiations over ethics provisions in a crypto market structure bill. The exchange’s backing by an industry figure places added attention on potential links between crypto businesses and lawmakers’ families.
Gillibrand’s statement separates her work in Congress from her son’s derivatives business. The available report does not indicate that she participated in the exchange or Larsen’s backing of it.
The development comes as lawmakers consider how ethics rules should apply alongside broader legislation governing crypto markets. Any such framework could affect digital-asset companies and other market participants operating in the United States.
Keep exploring
OpenAI CEO Sam Altman is reportedly proposing that the U.S. government receive a 5% stake in the company. He also wants other major AI companies to make similar offers, according to Decrypt.
Read
The U.S. government sanctioned more than 130 Tron wallets connected to a Central Asian ISIS affiliate. Tether froze funds associated with the wallets.
Read
Bank of Russia Governor Elvira Nabiullina said major banks and retailers are expected to begin accepting the digital ruble by September 1. The move signals another step in the country’s rollout of its central bank digital currency.
Read