Anthony Scaramucci on tokenizing Wall Street and why it's '1998 for Crypto'

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 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 --------------------------------------------------------------------------------- Subscribe to The Block's Newsletters! 🚨 Breaking News 👨‍🔬 Expert Analysis 📈 Market Insights Subscribe now 👉 https://www.theblock.co/newsletters -------------------------------------------------------------------------------- Hiring in crypto? 🧠 Find top talent fast with Campus, powered by The Block! ✅ Challenge candidates with our Crypto Assessment Test ⚡ Hire faster, build stronger teamsStart your free trial today 👉 https://theblock.co/campus