APEC — a CFTC-regulated exchange for perpetual futures on equities and stock indices — has raised $30M at a $300M valuation. It was founded by Theodore Gillibrand, 22, son of pro-crypto Senator Kirsten Gillibrand.

The round was led by Lux Capital, putting a politically charged twist on the race to bring regulated perps to US markets.

It rides the post-CFTC-approval wave of perp launches — even as the regulator faces a CME lawsuit over those very products.