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Saved February 14, 2026
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BlackRock's Larry Fink and Coinbase's Brian Armstrong discussed how growing institutional interest and legislative changes are pushing digital assets into mainstream finance. They highlighted the importance of upcoming stablecoin and market-structure bills, while Armstrong criticized past federal policies and expressed confidence in Bitcoin's future.
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Larry Fink, CEO of BlackRock, and Brian Armstrong, CEO of Coinbase, highlighted the increasing interest from institutions and lawmakers in digital assets at the New York Times DealBook Summit. Armstrong pointed to recent legislative progress, such as stablecoin and market-structure bills moving through Congress, which he believes signal a shift towards clearer regulations for crypto. He criticized the previous Biden Administration's approach, claiming it pushed crypto activity offshore and harmed consumers. Armstrong emphasized the demand for transparent regulations, referencing the $78 million Fairshake raised to support pro-crypto candidates during the 2024 U.S. election season.
Fink acknowledged a significant change in his view of Bitcoin, which he previously associated with money laundering. Engaging with numerous clients and leaders, he now sees a substantial use case for Bitcoin, although he still views it as a refuge during uncertain times. He mentioned that people often turn to Bitcoin out of fear for their financial security and due to the perceived debasement of traditional financial assets. Armstrong countered concerns about banks losing deposits to tokenized systems, suggesting banks are trying to protect their profit margins. He predicts that banks will eventually adopt stablecoins, offering interest on them as they adapt to the changing financial landscape.
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