From Sand to Stone: Two GCs on the New Legal Foundation Shaping Crypto's Future

Episode 5 of Layer One, hosted by The Block's Kelvin Sparks and Hypha founder Steven Gates, was recorded with Ava Labs General Counsel Lee Schneider and Plume General Counsel Salamon Benaei.

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In episode five of Layer One, The Block's Kelvin Sparks and Hypha Founder Steven Gates were joined by Ava Labs General Counsel Lee Schneider and Plume General Counsel Salman Benaei, to discuss how the Senate bill turns crypto's legal foundation from sand to stone, and what that means for the next generation of builders.

Outline

00:00 - Introduction
01:28 - Salman's Path: CFTC to Crypto
05:52 - Lee on Token Sales & Legal Structures
08:17 - RWA Rights & Disclosures
12:26 - What Buyers Should Care About
15:15 - Pre-IPO Tokenized Shares
18:49 - The Governance Token Question
22:03 - The Decentralization Test Debate
28:13 - What Clarity Means for Builders
36:41 - TradFi's Crypto Play
44:31 - Open vs Closed Networks
51:20 - Outro

GUEST/HOST LINKS
Salman Banaei - https://x.com/banamlas
Lee Schneider - https://x.com/leelaughs5x
Steven Gates - twitter.com/stvngts
Kelvin Sparks - twitter.com/imyoungsparks

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