Operation Chokepoint 2.0 and the Future of Banking with Scott Shay

Operation Chokepoint 2.0 and the Future of Banking with Scott Shay

From Galaxy Brains by Galaxy Digital Research

May 28, 2026 · 1h 2m

About this episode

Alex Thorn discusses the future of banking with Scott Shay and explores risk markets and bitcoin with Beimnet Abebe.

Alex Thorn talks with Scott Shay, co-founder of Signature Bank and N3XT (a new Wyoming bank), about what happened in 2023, how the banking system actually works, and what the future of banking looks like. Alex also talks with Beimnet Abebe (Galaxy Trading) about the Strait of Hormuz, risk markets, and a bearish case for bitcoin. Participants, along with Galaxy Digital, hold a financial interest in Bitcoin (BTC). Galaxy regularly engages in buying and selling BTC, including hedging transactions, for its own proprietary accounts and on behalf of its counterparties. Galaxy also provides services to vehicles that invest in BTC. 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…

People in this episode

Host: Alex Thorn

Guest: Scott Shay

Topics covered

  • banking system
  • future of banking
  • cryptocurrency
  • risk markets
  • bitcoin

Keywords

  • banking
  • cryptocurrency
  • bitcoin
  • risk markets
  • financial interest

Mentioned in this episode

Organizations: Signature Bank, N3XT, Galaxy Digital

Places: Strait of Hormuz

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