In episode two of Layer One, The Block’s Kelvin Sparks and Hypha Founder Steven Gates, were joined by guest co-host and Ava Labs President John Wu, and Skybridge Founder and Managing Partner, Anthony Scaramucci to discuss we are in the crypto cycle, how Avalanche is positioned to facilitate institutional adoption, and how upcoming U.S. regulation like the Clarity Act could unlock the next wave of onchain finance.

Host/Guest links:

Anthony Scaramucci - https://x.com/Scaramucci

John Wu - https://x.com/John1wu

Steven Gates - https://x.com/stvngts

Kelvin Sparks - https://x.com/imyoungsparks

00:00 - Introduction

01:05 - Scaramucci’s Background

04:25 - FTX, Abu Dhabi & Leadership Lessons

08:58 - Why Avalanche Wins Institutions

12:24 - Project Crypto, Policy & Partisanship

17:04 - The Clarity Act & Tokenization Boom

25:39 - Stablecoins vs Traditional Payments

32:24 - DeFi, RWAs & Liquidity

47:23 - Where We Are in the Cycle

49:41 - Fed, Macro Outlook & Closing

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