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July 08, 2026 | The American Prospect

Fletcher Calcagno Dylan Gyauch-Lewis

Op-Ed CryptocurrencyEthics in GovernmentFintechIndependent Agencies

Not All Nepo Babies Are Trumps

Last month, Fortune reported that Theodore Gillibrand, son of Sen. Kirsten Gillibrand (D-NY), had received a $30 million dollar round of investment for his company, American Perpetual Exchange Commission (APEC). The funding round valued APEC at $300 million and was led by Lux Capital, a venture capital firm whose other investments include the Peter Thiel-backed Anduril Industries and Erebor Bank.