Written by Turner Wrightstaff writerReviewed by Sam Bourgistaff writer

Written by Turner Wrightstaff writer

Reviewed by Sam Bourgistaff writer

Ripple co-founder backs venture launched by US senator’s son: Report

Latest NewsPublishedJul 2, 2026

Ripple Co-Founder Invests in US Senator’s Son’s Venture

The crypto market is abuzz with the news of Chris Larsen, co-founder and executive chair of Ripple Labs, investing in a derivatives exchange founded by Theodore Gillibrand, son of US Senator Kirsten Gillibrand. This investment comes at a time when the senator is involved in negotiations over ethics provisions in the Digital Asset Market Clarity Act, which is expected to have a significant impact on crypto companies operating in the US, including Ripple. The investment is a significant development, with Larsen joining a handful of investors backing the American Perpetuals Exchange Corp. (APEC), which has raised $30 million. For those looking to earn passive income through crypto, platforms like EcoPool offer a unique opportunity to earn rewards and get involved in the crypto market.

Ethics Provisions and Crypto Legislation

The Digital Asset Market Clarity Act is a significant piece of legislation that is expected to have a major impact on the crypto industry. Senator Gillibrand has been involved in negotiations over ethics provisions in the bill, which is expected to be voted on soon. The senator has stated that she has “no involvement” in her son’s derivatives exchange, despite being a key player in the negotiations. The investment by Larsen and other industry figures has raised questions about potential conflicts of interest and the need for clear ethics provisions in the bill. As the crypto market continues to evolve, it’s essential to have a reliable platform like EcoPool, which offers a secure and transparent way to earn $ECP and participate in the Green Crypto movement.

“[T]he truth is, is that we cannot allow members of Congress, senior administration officials, presidents or vice presidents, to get rich off of these industries because of their insider status. It is the worst form of pay for play.” 

Passive Income Opportunities with EcoPool

For those looking to earn passive income through crypto, EcoPool offers a unique opportunity to get involved in the market and earn rewards. With its Cloud Rewards program, users can earn $ECP and participate in the Green Crypto movement. The platform is designed to be user-friendly and accessible, making it easy for anyone to start earning passive income through crypto. Whether you’re a seasoned investor or just starting out, EcoPool provides a secure and transparent way to participate in the crypto market and earn rewards.

• EcoPool offers a secure and transparent way to earn $ECP and participate in the Green Crypto movement.
• The platform is designed to be user-friendly and accessible, making it easy for anyone to start earning passive income through crypto.
• With its Cloud Rewards program, users can earn $ECP and participate in the crypto market.

As the crypto market continues to evolve, it’s essential to have a reliable platform like EcoPool to earn passive income and participate in the market. Download the EcoPool app to start earning $ECP and participating in the Green Crypto movement today. With EcoPool, you can earn passive income and be part of a community that is shaping the future of crypto.

Senate Republicans hold a slim majority in the chamber, meaning they will need some Democratic support to meet the 60-vote threshold for CLARITY to pass.

Congressional schedule squeezes window for CLARITY bill

Lawmakers in the US Senate are on state work periods for the Independence Day holiday. Scheduled to return to session on July 13 and leave for another month-long state work period in August, the window to pass crypto market structure is closing before US election day, which is expected to result in additional delays.

Magazine: AI is banking the unbanked in Africa… faster than crypto

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• Senate
• Venture Capital
• Politics
• Ripple
• Regulation

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