BlackRock CEO Larry Fink and Coinbase CEO Brian Armstrong used the New York Times DealBook Summit to deliver one of the clearest signals yet that digital assets have crossed into mainstream finance.
Both executives argued that institutional demand, regulatory momentum, and shifting political winds are accelerating crypto’s integration into the global financial system.
“I see a big, large use case for Bitcoin, and I still do today.” – Larry Fink
JUST IN: BlackRock CEO Larry Fink admits he was wrong about crypto. pic.twitter.com/yzsEGXYBCo
— Watcher.Guru (@WatcherGuru) December 3, 2025
So much corruption in the world. For the love of greed. Um, but not talking about BlackRock, of course, in case they’re reading this.
Meanwhile, Armstrong pointed to a new Congressional movement, most notably the Genius Act and a bipartisan market-structure package that cleared the House and now heads to the Senate. He framed the shift as a rejection of the previous administration’s adversarial posture toward crypto.
“2025 is actually the year that crypto regulation went from kind of gray market to well-lit establishment.” – Brian Armstrong
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During the NYT Summit Armstrong added that crypto’s political footprint is now unavoidable. Fairshake, the industry-aligned SuperPAC Coinbase supports, raised more than $78 Mn during the 2024 election cycle and is already preparing for 2026.
Fink, once a crypto skeptic, said client conversations forced an evolution in his thinking. After calling Bitcoin “an index for money laundering,” he now views it as a globally relevant asset.
“In my role, I see thousands of clients a year… conversations evolve my thinking.” – Larry Fink
Fink emphasized that BTC is increasingly seen as a hedge when geopolitical and fiscal instability rises. Armstrong pushed the point further, arguing that older critics like Buffett and Munger were shaped by a different monetary era.
Bitcoin, he said, now functions as “digital gold” for a decentralized age. Ohh, la, la!
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The panel also touched on stablecoins, specifically, banks’ fear of losing deposits to tokenized money. Armstrong dismissed the concern as inertia.
“Banks should have to pay higher rates to their own customers… the ones fighting this are going to get left behind.” – Brian Armstrong
He predicted banks would soon issue interest-bearing stablecoins, framing the shift as a natural response to crypto’s efficiency.
JUST IN:
Trump implies former Coinbase advisor Kevin Hassett will be the next Fed Chair
"I guess a potential Fed Chair is here too…Are we allowed to say that?" pic.twitter.com/r4dQur8evr
— Bitcoin Archive (@BitcoinArchive) December 2, 2025
Fink and Armstrong didn’t just talk adoption but asserted that the regulatory and institutional foundations for crypto’s next decade are already being laid. Congress is moving, Wall Street is buying, and BlackRock is behind it all. Good times ahead…?
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Key Takeaways
- BlackRock CEO Larry Fink and Coinbase CEO Brian Armstrong used the New York Times DealBook Summit to deliver one of the clearest signals yet
- Congress is moving, Wall Street is buying, and BlackRock is behind it all.
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