A twenty-two-year-old man graduated from Stanford University last Sunday. While there, he wrote for Peter Thiel’s right-wing Stanford Review, worked at venture capital firms Andreessen Horowitz and Paradigm.

Now he’s starting a new futures exchange with a $30 million venture capital investment that values his fledgling company at $300 million. His name is Theodore Gillibrand, and he’s the son of pro-crypto Democratic Sen. Kirsten Gillibrand, D-New York.

From Fortune reporter Ben Weiss, who broke the story:

The 22-year-old son of a crypto-friendly senator plans to launch his own exchange for a type of derivative popularized by digital asset traders. Theodore Gillibrand, whose mother is Sen. Kirsten Gillibrand (D-N.Y.), has drummed up $30 million in a fundraise led by the venture firm Lux Capital, according to two sources familiar with the matter. The deal valued Theodore’s startup at $300 million, said the sources, who asked for anonymity to discuss private business dealings.

The story describes Gillibrand as “a key Democratic ally for the crypto industry” and “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.”

“My son is a grown adult starting his own independent business,” Gillibrand said in a statement to the New York Post. “I have no involvement in it whatsoever. That said, I’m enormously proud of him and wish him nothing but the best.”