1 month ago
The Federal Housing Finance Agency (FHFA) volition survey whether crypto holdings should number erstwhile Americans use for a mortgage, Director Bill Pulte said connected X.
The review, volition look astatine however assets, specified arsenic bitcoin BTC mightiness fold into the income-and-wealth checks astatine Fannie Mae, Freddie Mac, and the 11 determination Federal Home Loan Banks, utilized to backstop astir U.S. mortgages.
Pulte's remark travel arsenic the U.S. becomes progressively crypto affable nether President Donald Trump's rule. Pulte, was sworn successful connected March 14 aft being nominated by Trump.
Public filings amusement helium owns arsenic overmuch arsenic $1 cardinal successful some bitcoin and solana's SOL SOL, alongside stakes successful crypto steadfast MARA Holdings, aerial conditioning firms, MrBeast Industries, and Elon Musk’s X among others.
Currently, Fannie Mae and Freddie Mac require that cryptocurrency holdings beryllium “exchanged into U.S. dollars and is held successful a U.S. oregon authorities regulated fiscal institution” to beryllium considered.
Read more: U.S. Openness to Crypto Could Raise Risk Levels successful TradFi, European Regulators Say
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