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
Bitget plans to exit the Japanese market and close all remaining positions by the end of the year. The move adds to ongoing shifts among crypto companies navigating Japan’s regulatory environment.
Read
CoinDesk’s State of Crypto coverage counts down recent developments shaping the crypto policy and market landscape. The report frames these changes as important for how companies and participants navigate the sector.
Read
Strategy said it is holding the dividend on its STRC preferred stock at 12%. The decision keeps the payout unchanged for investors in the company’s yield-focused security.
Read