BlockBeats News, July 3rd, Ripple co-founder and executive chairman Chris Larsen was reported to have invested in the derivative trading platform American Perpetuals Exchange Corp. (APEC) founded by Theodore Gillibrand, son of New York State Senator Kirsten Gillibrand. The platform has raised $30 million, with most investors contributing between $5,000 and $10,000. The amount of Chris Larsen's investment is unknown.

Previously, Kirsten Gillibrand had publicly stated that "members of Congress, government officials should not be allowed to profit from industries as insiders," but her spokesperson responded that Gillibrand had "no involvement" in her son's business.