{"id":1730,"date":"2026-06-18T22:41:26","date_gmt":"2026-06-18T22:41:26","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=1730"},"modified":"2026-06-18T22:41:26","modified_gmt":"2026-06-18T22:41:26","slug":"exclusive-son-of-pro-crypto-new-york-senator-kirsten-gillibrand-raises-30-million-to-launch-a-derivatives-exchange","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=1730","title":{"rendered":"Exclusive: Son of pro-crypto New York Senator Kirsten Gillibrand raises $30 million to\u00a0launch a derivatives exchange"},"content":{"rendered":"<div>\n<p>Dubbed American Perpetuals Exchange Corporation, or APEC, the trading platform aims to list perpetual futures, or \u201cperps,\u201d a form of futures contracts that allow traders to bet on the price of assets without holding the assets themselves. As opposed to standard futures, these derivatives don\u2019t have a set expiration date.\u00a0<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=1728\">Half of U.S. adults under 50 get health information from influencers who mostly aren\u2019t medical professionals, Pew finds<\/a><\/p>\n<p>Theodore\u2019s startup plans to apply for a license from the Commodity Futures Trading Commission to list perpetuals for equities and stock indices, not cryptocurrencies, according to a  filed with the Securities and Exchange Commission.\u00a0<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>A spokesperson for Lux Capital confirmed that it led the fundraise.<\/p>\n<p>\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 said Theodore in a statement, confirming details of the round.<\/p>\n<h2>Rise of \u2018perps\u2019<\/h2>\n<p>Perpetual futures have long been popular on digital assets exchanges. But, over the past year, the derivatives have become one of the buzziest assets in the broader world of finance. The decentralized exchange Hyperliquid, which initially specialized in perpetuals, is one of the most profitable protocols in crypto, and other startups focused on the derivatives have raised significant chunks of change from top-flight venture capitalists.\u00a0<\/p>\n<p>More recently, perpetual futures, which trade 24\/7 on Hyperliquid and similar venues, became popular among traders during the U.S.\u2019s war with Iran, as speculators traded oil index perps on the protocol while traditional exchanges weren\u2019t open for business.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=1726\">Fortune 500 Power Moves: Which executives gained and lost power this week<\/a><\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>The financial instruments have also won favor from U.S. regulators. In May, the prediction market Kalshi became the first U.S. company to add perpetual futures for its traders after it received approval from the CFTC to list contracts for Bitcoin.\u00a0<\/p>\n<p>\u201cThe @CFTC took historic action to permit the listing of a true bitcoin perpetual contract by a CFTC-registered exchange, charting a path for one of the most liquid segments of the crypto asset markets to exist within the U.S. regulatory framework,\u201d Mike Selig, chairman of the CFTC, posted on X in May.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>For her part, Sen. Kirstin Gillibrand has been a key Democratic ally for the crypto industry, which itself is an advocate for perpetuals. The New York senator was part of a group of lawmakers who first introduced the Genius Act, or legislation that regulates stablecoins, a type of cryptocurrency pegged to real-world assets like the U.S. dollar. President Donald Trump signed the bill into law in July.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>Gillibrand\u2019s son, Theodore, graduated from Stanford University on Sunday. He previously was a fellow at the venture capital firm Paradigm and an intern at Andreessen Horowitz, according to his LinkedIn profile.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=1724\">Singapore punches above its weight on the Southeast Asia 500, capturing a third of total revenue<\/a><\/p>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Lux Capital led the investment, which values the Stanford graduate\u2019s exchange at $300 million.<\/p>\n","protected":false},"author":1,"featured_media":1729,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[302],"tags":[],"class_list":["post-1730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Exclusive: Son of pro-crypto New York Senator Kirsten Gillibrand raises $30 million to\u00a0launch a derivatives exchange - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=1730\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exclusive: Son of pro-crypto New York Senator Kirsten Gillibrand raises $30 million to\u00a0launch a derivatives exchange - Cross Country Moving Team\" \/>\n<meta property=\"og:description\" content=\"Lux Capital led the investment, which values the Stanford graduate\u2019s exchange at $300 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/crosscountrymovingteams.com\/?p=1730\" \/>\n<meta property=\"og:site_name\" content=\"Cross Country Moving Team\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-18T22:41:26+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=1730#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=1730\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#\\\/schema\\\/person\\\/1b8121bfb9a1c55d1fff3fca675fceaa\"},\"headline\":\"Exclusive: Son of pro-crypto New York Senator Kirsten Gillibrand raises $30 million to\u00a0launch a derivatives exchange\",\"datePublished\":\"2026-06-18T22:41:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=1730\"},\"wordCount\":503,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=1730#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/d57f827ca28138bf1c23e3bc98141835.webp\",\"articleSection\":[\"Politics\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=1730#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=1730\",\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=1730\",\"name\":\"Exclusive: Son of pro-crypto New York Senator Kirsten Gillibrand raises $30 million to\u00a0launch a derivatives exchange - 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