Layer One · December 11, 2025, 9:16AM EST · 1:09:01
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.
OUTLINE
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
Anthony Scaramucci –
John Wu –
Steven Gates –
Kelvin Sparks –
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