Crypto Market Structure Bill Hits Roadblocks with Alex Sternhell & Chris Maneval

Jan 15, 2026

Guest

Beimnet Abebe

Guest

Chris Maneval

Guest

Alex Sternhell

Join Alex Sternhell, a savvy Washington policy consultant with deep ties to financial legislation, Chris Maneval, a keen strategist for crypto policy, and Beimnet Abebe, a market expert from Galaxy Trading. They dissect the crypto market structure bill's complexities, exploring legislative timelines and the potential fallout of its success or failure. Abebe dives into inflation trends, Bitcoin's price dynamics, and geopolitical influences on markets. Tune in for insights into the future of crypto regulation and macroeconomic factors at play!

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INSIGHT

Geopolitics Fuels Precious Metals Demand

Geopolitical tensions and de-dollarization narratives are pushing investors toward gold and commodities.
Beimnet links fiscal spending and geopolitical risk to rising precious metals demand.

INSIGHT

Be Cautious On The January Bitcoin Rally

Bitcoin's recent rally may be a rebalancing by managers who were underweight at year start.
Beimnet Abebe recommends caution until Bitcoin convincingly clears the 50-week moving average.

INSIGHT

Statutory Clarity Is The Core Win

The draft creates clearer statutory paths for token classification and tokenized securities.
That legal clarity is the core win supporters seek to restore onshore innovation.

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Alex Thorn talks with Alex Sternhell (Sternhell Group) and Chris Maneval (PFS), two very connected Washington policy consultants, about the prospects for the crypto market structure bill. The three discuss timelines, the likelihoods of different scenarios, and the impact on crypto in America. Alex also talks to Beimnet Abebe (Galaxy Trading) about inflation and markets.

Participants, along with Galaxy, hold a financial interest in Bitcoin (BTC). Galaxy regularly engages in buying and selling Bitcoin, including hedging transactions, 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 such assets increases, those vehicles may benefit, and Galaxy’s service fees may increase accordingly. The valuation in this communication is based on technical, fundamental, and market analysis and not on any formal valuation method. For more information, please refer to Galaxy’s public filings and statements. Cryptocurrencies, including BTC, are inherently volatile and risky and ultimate market movements may not align with this statement.

For additional risks related to digital assets, please refer to the risk factors contained in filings Galaxy Digital Inc. makes 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. (http://www.sec.gov/)

This episode was recorded on Wednesday, January 14, 2025.