Of course, as former CoinDesker Michael McSweeney wrote in a recent Blockworks op-ed, the industry will likely be irrevocably changed by SBF. In the same way that the collapse of Mt. Gox accelerated the formation of regulations around the world (in particular in Japan, where Mt. Gox was based, and in New York State with the BitLicense), legislatures have mobilized to pass laws to prevent the next FTX.
Hex Trust Issues First Native Stablecoin on Layer-1 Blockchain Flare
"The collaboration between USDX and Clearpool on Flare delivers a 1:1 backed stable asset with immediate access to real world...