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Briefly
- FHFA directed Fannie Mae and Freddie Mac to start preparing to accept the cryptocurrency of the currency as mortgage assets.
- The director of William Pulte framed the move as a harmonization with a wide vision of Trump’s administration.
- The command sparked mixed reactions, with praise for innovation and criticism for restriction of self -restraint.
The US apartment market is advocated by the potential shaking of the crypto industry.
On Wednesday, the Federal Funding Agency ordered Fannie Mae and Freddie Mac to start preparing for accepting cryptocurrencies as a form of payment to a mortgage.
The Directive, announced by FHFA William Pulte at X, marks the first major move that included digital property in the federal mortgage system.
Fannie Mae and Freddie Mac companies are US governments that buy loans from lenders, packed them into securities and guarantee payments to investors.
The announcement comes two days after Pulte said he had directed companies study How cryptocurrencies can introduce a mortgage qualification.
“After a significant study and in accordance with the vision of President Trump to now become a crypto throne of the world, today I ordered the great Fannie Mae and Freddie Mac to prepare my company to calculate the CRIPTO currency as a mortgage assets,” Pulte ” wrote In the post on X. “So it was ordered.”
According to the directive, FHFA revealed that they would allow them Fannie Mae and Freddie Mac to consider multiple assets of the borrower, such as a crypt, they could help them better evaluate the risk of loan and expand access to the ownership of the home for qualified loans.
Fannie Mae and Freddie Mac-State Companies supporting and guarantees most US homes for home-to-house are tasked with determining how to treat cryptocurrencies as qualifying property.
The counter did not specify which cryptocurrencies would be accepted. Reactions to x are mixed, with some praising Move as a win for the industry.
“Bitcoin is a US residential system recognized as a spare asset,” co -founder of the strategy Michael Saylor wrote on X. “Determination of the moment for the institutional adoption of BTC -a recognition of the collateral.”
Other criticized A provision that requires that the crypto of assets be held on centralized exchanges, not of self -government wallets.
“Each company has been addressed to consider only the property of the CRIPTO currency that can be proven and stored on American regulated centralized exchange subject to all applicable laws,” FHFA wrote.
Simultaneously, HousecoinMeme coin with housing topics on Solan Blockchain, today jumped 20% to $ 0.24 in response to the news.
“1 house = 1 Housecoin never sounded so good,” Housecoin account said on the X.
Fhfa did not immediately respond Decipherptic Request for comment.
Edited Sebastian Sinclair
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