Episode 2 of Layer One, hosted by The Block’s Kelvin Sparks, Hypha founder Steven Gates, and guest co-host and Ava Labs President John Wu, was recorded with Skybridge founder and Managing Partner Anthony Scaramucci.
Listen below, and subscribe to Layer One on YouTube, Spotify, or wherever you listen to podcasts. Please send feedback and revision requests to podcast@theblock.co
In episode two of Layer One, The Block’s Kelvin Sparks, Hypha Founder Steven Gates, and guest co-host and Ava Labs President John Wu, were joined by Skybridge founder and Managing Partner Anthony Scaramucci to discuss this moment in the crypto cycle, why 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
GUEST/HOST LINKS
Anthony Scaramucci – https://twitter.com/Scaramucci
John Wu – https://twitter.com/John1wu
Steven Gates – https://twitter.com/stvngts
Kelvin Sparks – https://twitter.com/imyoungsparks
The Block Newsletters
The Block’s newsletters bring you the latest news and analysis of the fast-moving crypto and DeFi markets. To subscribe, visit theblock.co/newsletters
Are you hiring in crypto?
Use Campus to quickly find your best candidates with our challenging Crypto Assessment Test.
Faster hiring, stronger teams.
Sign up for a trial today: theblock.co/campus
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.