Ripple co-founder Chris Larsen's investment in APEC raises concerns about conflicts of interest

According to Cointelegraph, Chris Larsen, co-founder and executive chairman of Ripple, has invested in American Perpetual Exchange Corp. (APEC), a derivatives exchange founded by Theodore Gillibrand, son of US Senator Kirsten Gillibrand. The platform raised $30 million, with most investors contributing $5000 to $10000. At the time of the investment, Kirsten Gillibrand was involved in negotiating the ethical provisions of the Clarity Act.