Open Book with Anthony Scaramucci Iran Regime Change, Greenland Takeover, Open AI vs Anthropic, Money in Politics
Jan 21, 2026
Michael Novogratz, Founder and CEO of Galaxy Digital, dives into the intertwining worlds of crypto and politics. He shares insights from D.C. about the bipartisan push for crypto clarity ahead of the midterms. They discuss how Citizens United has altered the lobbying landscape, influencing banking sectors and digital assets. The conversation also touches on the complexities of Iran's protests and the ineffective governance in contrast to Saudi reforms, alongside critiques of Trump's Greenland comments and the competitive landscape of AI firms.
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Prepare For Tokenized Credit Growth
- Watch for DeFi credit and tokenized assets to provide crypto-based credit creation over the next 3–5 years.
- Novogratz advises the industry will develop mortgage and business lending via tokenization, reducing deposit concerns.
Stablecoins Compete With Low-Yield Banks
- Consumers leave banks partly from product and rate dissatisfaction, not just crypto allure.
- Novogratz notes many banks pay near-zero and interest-bearing alternatives already exist competing for deposits.
Money's Outsized Role In Politics
- Citizens United intensified the role of money and lobbying in politics, undermining democratic outcomes.
- Novogratz calls it ‘‘sad and bad for our country’’ and highlights banks' funding power.