After all, as former CoinDesker Michael McSweeney wrote in a latest Blockworks op-ed, the trade will possible be irrevocably modified by SBF. In the identical method that the collapse of Mt. Gox accelerated the formation of rules around the globe (particularly in Japan, the place Mt. Gox was primarily based, and in New York State with the BitLicense), legislatures have mobilized to move legal guidelines to stop the subsequent FTX.