Navigating the Digital Derivatives Frontier: A Learner’s Guide to the New U.S. Ecosystem
1. The Big Picture: Why the Rules are Changing Now For decades, the traditional financial system and the digital asset market operated in siloed environments. This separation ended in late 2025. Following the landmark enactment of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act on July 18, 2025, the regulatory landscape reached…
