Posted on 06/19/2026 2:37:19 PM PDT by DFG
The 22-year-old son of Democratic New York Sen. Kirsten Gillibrand raised $30 million in investments to launch a derivatives exchange startup already valued at $300 million, according to a report.
Gillibrand is one of the top pro-crypto U.S. Senators in Washington, D.C., influencing cryptocurrency and digital asset policy. She previously partnered with Republican Wyoming Sen. Cynthia Lummis on “landmark legislation” to create a rules framework for stablecoins.
Now her son, Theodore, is starting the American Perpetuals Exchange Corporation, or APEC, which will offer perpetual futures contracts that allow traders to wager on the future price of assets without owning them, Fortune reported. The contracts also lack the expiration dates typical of traditional futures contracts, the outlet noted.
Gillibrand’s son graduated from undergrad on Sunday. Today it’s reported that he’s received $30 million in venture capital funding to launch a derivatives exchange. His mom sat on the Senate Agriculture committee—which has jurisdiction over derivates—until this past year https://t.co/Q0K8YzrV7D
— Henry Burke (@burkehenryt) June 18, 2026
Theodore graduated from Stanford University on Sunday. He had previous stints at crypto-focused venture firm Paradigm and Andreessen Horowitz, a powerful Silicon Valley firm with major investments in cryptocurrency, The New York Post reported.
“The American Perpetuals Exchange Corporation will be offering perpetual futures on US equities,” an APEC spokesperson told The New York Post. “There will be no cryptocurrencies on the platform, and the platform is not built on blockchain technology.”
Theodore said in a statement, “It is clear that the future of these markets is not in offshore and unregulated foreign entities but rather in a regulated and institutional American company.”
Gillibrand has denied being involved with the startup in any capacity.
“My son is a grown adult starting his own independent business,” the senator said. “I have no involvement in it whatsoever. That said, I’m enormously proud of him and wish him nothing but the best.”
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It’s an exclusive and lucrative club that few of us belong to.
Today’s Mafia.
This right here is what’s wrong .
The poison in the system.
The bribes funneled through family members.
A government not of and for the people.
The contracts also lack the expiration dates typical of traditional futures contracts, the outlet noted.
“There will be no cryptocurrencies on the platform, and the platform is not built on blockchain technology.”
Raises eyeballs? They need an editor older than 12.
the media will be fine with this but continue to raise the alarms about Trumps kids
I am, and if this exchange survives, it is GREAT!
Read up on how stock options and futures contracts normally work.
You can make a PILE of money during a contract or lose a PILE of money when contracts expire.
If they don't ever expire you stand less of a chance of losing.
Use of cliches is ubiquitous in journalism and it drives me nuts because it indicates lazy and uncreative thinking. But if you’re going to use them, use them correctly. What a grisly sight if there was a “raising of eyeballs.” It’s eyebrows, author, Mr, Loftus.
Eyeballs? Sounds painful.
I knew there was something ‘off’ about that sentence.
I wasn’t sure if he was saying ‘razing eyeballs’, which still wouldn’t really make sense.
>>not sure what that means.
Hope this helps
https://www.investopedia.com/what-are-perpetual-futures-7494870
You always launder the bribes through family businesses.
like grandfather, like grandson....
Gillibrand’s husband, this kids grandfather, made millions betting AGAINST the very mortgages she was helping andrew cuomo push when he was in charge of HUD....the same mortgages that went bust and caused the housing collapse...
They gave Gillebrands 22 year old son $30 million. Looks like the lobbyists and corporations are betting that the Democrats take the Senate in ‘26 and that Gillebrand chairs the Commerce committee. Just shut up and pay your taxes.
Even, ‘She Who Shall Not Be Named’ couldn’t pull that off with her ‘cattle futures’ or ‘hog bellies’ investment scam, LOL!
This kid is now in her sights!
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