Tribe Vibe - The Banking Edition
Hello Tribe Vibers!
What a crazy period it has been for Bitcoin adoption. Phew! We break down the latest news as institutions flood into this space, highlight upcoming member events, and content that will keep you informed about digital assets and why bitcoin has never been more important. Stay toxic and read on!
Editorial Note
Welcome to another exciting week in Bitcoin! Coming up:
🗞 News: Trending News in Bitcoin
👩💼 Women in Bitcoin: Where the Bitcoin “Femergy” is happening
📆 Events: Bitcoin events online and across the globe
🎧 & 🎥Vibe of the Week: Our content recommendations
📈 Trending News
1. The Genius Act
The Scoop🕵️♂️: The "Guiding and Establishing National Innovation for U.S. Stablecoins Act," or GENIUS Act, was signed into law on July 18, 2025. This legislation creates the first federal regulatory framework for stablecoins, which are cryptocurrencies pegged to traditional assets like the U.S. dollar. The law requires stablecoin issuers to back their coins on a one-to-one basis with high-quality liquid assets, such as U.S. dollars or Treasury bills, and to publicly disclose these reserves monthly. Key government bodies, including the Federal Reserve and the Office of the Comptroller of the Currency (OCC), are tasked with overseeing stablecoin issuers. The act also brings stablecoin issuers under the Bank Secrecy Act, mandating they implement anti-money laundering (AML) and sanctions compliance programs.
Why You Should Care🚨: The GENIUS Act aims to make digital transactions faster and cheaper while providing consumer protections. Supporters believe it will bolster the U.S. dollar's status as the world's reserve currency by increasing demand for dollar-backed assets. For consumers, the act requires that in the event of an issuer's failure, stablecoin holders' claims are prioritised, offering a degree of protection. However, critics, including figures like Mike Benz, raise concerns about the potential for increased financial surveillance. They argue that by regulating stablecoins, the government could create a pathway for a central bank digital currency (CBDC) that, unlike decentralised cryptocurrencies, could be monitored and controlled. Furthermore, the act requires issuers to have the technical ability to freeze or seize assets to comply with legal orders, which raises privacy concerns.
What does this mean for bitcoin?✨: The GENIUS Act's impact on Bitcoin is a subject of debate. On one hand, by providing a clear regulatory framework for stablecoins, the act could bring more legitimacy and investment into the broader digital asset market, which may indirectly benefit Bitcoin. Proponents argue that making the U.S. a "crypto capital" will foster innovation across the entire sector. On the other hand, the view expressed by critics like Mike Benz is that the act represents a move towards a more controlled and surveilled digital currency landscape. The proliferation of government-regulated stablecoins could create a parallel digital currency system that competes with Bitcoin while offering none of its privacy features, potentially leading to a "back door" CBDC.
You can read the White House fact sheet HERE.
2. The Cantor and Blockstream SPAC
The Scoop🕵️♂️: A Special Purpose Acquisition Company, or SPAC, is like a "money box" company created by investors with the sole purpose of raising cash to buy or merge with an existing private company. In this case, the Wall Street firm Cantor Fitzgerald created a $4 billion SPAC that is merging with Blockstream Capital, the investment arm of a major Bitcoin infrastructure firm. As part of the deal, Blockstream is contributing over 30,000 of its own Bitcoin into the new, combined company in exchange for ownership (equity). This move creates a new, publicly traded company whose primary asset and business strategy is to hold and acquire Bitcoin.
Why You Should Care🚨: This deal is significant because it creates a new and easy way for traditional investors and large financial institutions to gain exposure to Bitcoin. Instead of dealing with the complexities of buying and securing bitcoin directly, they can simply buy shares in this new company through their regular brokerage accounts, just like buying stock in Apple or Google.
Blockstream gains access to billions of dollars in cash from the SPAC, allowing them to buy even more Bitcoin and grow much faster than they could as a private company. It also gives them a publicly traded stock and the credibility of a major Wall Street partner, bridging the gap between the bitcoin world and mainstream finance.What does this mean for bitcoin?✨: At Access Tribe, we have mixed feelings about these deals. The proliferation of Bitcoin treasury companies could create 'zombie companies' with no viable product, whose sole purpose is to acquire and hold Bitcoin. This moves away from Bitcoin’s original purpose as a peer-to-peer digital currency and places custody in the hands of corporations rather than individuals. The new SPAC, BSTR, is led by Brandon Lutnick, the 27-year-old son of Howard Lutnick, who recently stepped down from Cantor Fitzgerald to join the Trump administration as Secretary of Commerce. This venture brings Blockstream, founded by Adam Back, whose Hashcash protocol is a key part of the Bitcoin code, into a close partnership with figures tied to the U.S. government, creating a strange set of bedfellows.
📆 Book a free 1 to 1 session with our founder to get insights into BTC Treasury Strategies and learn how to buy and custody Bitcoin safely:
💼 Women in Bitcoin - CBDCs
If you don’t already follow Israeli Bitcoin journalist Efrat Fenigson, you should. She tracks the proliferation of CBDCs (Central Bank Digital Currencies) in detail, and provides detailed insights into their risk. Check out this recent post from
on her Substack:
📆 Upcoming Events
Coming Soon! The Access Tribe Book Club 📚
This fall we will be launching the member-only Access Tribe Book Club. The book club will be live-streamed to members who can ask questions live via chat. The first book of the series will be the foundational “The Creature from Jekyll Island, by Edward G. Griffin”, a book that lays the groundwork for understanding the structure and history of the global banking system and why Bitcoin is so necessary.
To join, become a member here:
Women's Networking with Access Tribe: Thursday, 31st July, 12:00 p.m. Eastern (NY Time)
Join us for Access Tribe’s monthly online Networking Session! This is your chance to learn, connect and build with other women in this industry.
🎧 🎥📚 Vibe of the Week
We love this recent episode with Jesse Myers and Pierre Rochard for Bitcoin Magazine, breaking down corporate adoption of Bitcoin and Bitcoin Treasury strategies.
Meme of the Week - Bitcoiners
📺 &🎧 check out our conversations with Bitcoiners HERE
👋 See you all next week for more Tribe Vibes!
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