Overview
- At the NYT DealBook Summit, BlackRock’s Larry Fink said his earlier Bitcoin skepticism was wrong and called it “an asset of fear” that can hedge risk despite volatility linked to leverage.
- Event coverage highlights BlackRock’s growing footprint, with its IBIT spot Bitcoin ETF reported around $70–72 billion in assets and tokenized U.S. Treasurys near $2.3 billion.
- Coinbase CEO Brian Armstrong said unnamed major U.S. banks are piloting stablecoin, crypto custody, and trading integrations with the exchange.
- Armstrong urged a Senate vote on the CLARITY Act and cited the Genius Act and a bipartisan House market‑structure bill moving to the Senate as markers of a policy shift.
- Reports describe a split in the banking sector, as firms test blockchain tools privately while industry groups lobby to curb stablecoins and limit competitive pressure.