{"id":2064,"date":"2026-06-19T20:07:43","date_gmt":"2026-06-19T20:07:43","guid":{"rendered":"https:\/\/hometransferguide.com\/?p=2064"},"modified":"2026-06-19T20:07:43","modified_gmt":"2026-06-19T20:07:43","slug":"dem-senators-22-year-old-son-raises-eyeballs-after-raking-in-30-million-investment","status":"publish","type":"post","link":"https:\/\/hometransferguide.com\/?p=2064","title":{"rendered":"Dem Senator\u2018s 22-Year-Old Son Raises Eyeballs After Raking In $30 Million Investment"},"content":{"rendered":"
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<\/p>\n

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.<\/p>\n

Read more EXCLUSIVE: Boer Leaders Say South Africa Will Not Learn From Trump\u2019s Cutting Of AIDS Funding<\/a><\/p>\n

Gillibrand is one of the\u00a0top 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 \u201clandmark legislation\u201d to create a rules framework for stablecoins.<\/p>\n

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. (RELATED: They Said They Would Drain The Swamp. They\u2019re Laughing, Playing In The Muck)<\/strong><\/p>\n

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.<\/div>\n

\u201cThe American Perpetuals Exchange Corporation will be offering perpetual futures on US equities,\u201d an APEC spokesperson told The New York Post. \u201cThere will be no cryptocurrencies on the platform, and the platform is not built on blockchain technology.\u201d<\/p>\n

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<\/p>\n

Theodore said in a statement, \u201cIt 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.\u201d<\/p>\n

Gillibrand has denied being involved with the startup in any capacity.<\/p>\n

\u201cMy son is a grown adult starting his own independent business,\u201d the senator said. \u201cI have no involvement in it whatsoever. That said, I\u2019m enormously proud of him and wish him nothing but the best.\u201d<\/p>\n

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<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The 22-year-old son of Democratic Sen. 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