Alex Thorn speaks with Alex Sternhell (Sternhell Group) and Chris Maneval (PFS), two well-connected policy consultants in Washington, about the prospects of the crypto market structure bill. The three discuss timelines, the likelihood of different scenarios, and the impact on crypto in America. Alex also talks to Beimnet Abebe (Galaxy Trading) about inflation and markets.
The participants, along with Galaxy, hold a financial interest in Bitcoin (BTC). Galaxy regularly engages in the purchase and sale of Bitcoin, including hedging, for its own proprietary accounts and on behalf of its counterparties. Galaxy also provides services to vehicles that invest in Bitcoin. If the value of these assets increases, these vehicles could benefit and Galaxy’s service fees could increase accordingly. The valuation presented in this communication is based on technical, fundamental and market analysis and not on a formal valuation method. For more information, please refer to Galaxy’s public documents and statements. Cryptocurrencies, including BTC, are inherently volatile and risky, and ultimate market movements may not match this claim.
For additional risks relating to digital assets, please refer to the risk factors contained in Galaxy Digital Inc.’s filings with the Securities and Exchange Commission (the “SEC”) from time to time, including in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, filed with the SEC on November 10, 2025, available at www.sec.gov. (
This episode was recorded on Wednesday January 14, 2025.
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