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Bill Pulte, director of the US Federal Housing Financing Agency, ordered Fannie Mae and Freddie Mac to consider the ways to be used to evaluate mortgage risks, reveal the FHFA order Wednesday.
FHFA to consider Crypto as a mortgage asset, says Bill Pulte
According to the paper 25 June from Pulte, Two government sponsored businesses It will prepare a proposal with regard to “cryptocurrency as an asset for reserves in their respective family assessment of mortgage risks” without first transferring to US dollars.
However, the government agency considered only cryptocurrencies deposited on the centralized US -regulated stock exchange.
“After a significant study and in accordance with the vision of President Trump, the United States to become a crypto of the world, I ordered a large fannie Mae and Freddie Mac today to prepare their businesses to count the cryptocurrency as an asset for a mortgage,” Pulte said.
“Today is a historical day in the cryptocurrency industry and the mortgage industry where Fannie Mae and Freddie Mac now have cryptocurrency mortgages,” he added. “I thank President Trump for making the US a crypt of the world in the world!”
Krypto defending champions celebrate victory in the adoption of normal current
After the news several key players across the industry of digital assets He celebrated the last move of FHF.
The founder of the strategy Michael Saylor took the social media to praise Pulte’s decision and call it “defining the moment for institutional adoption of BTC and recognition of the collateral”.
“A really historical day,” Saylor said. “The US mortgage industry leads – and there will be a global banking system.”
Blockchain Real Estate Company Propy also welcomed the crypto of FHFA and described it as “a huge step forward for crypto adoption in real estate”.
“The regulators are moving,” reads Wednesday afternoon X Post from the official Propa account. “The markets are watching.”
WITH More than 55 million Americans Own digital assets, it can only be a matter of time before the crypto begins to play a major role in unlocking access to the ownership of the house.
Contribution FHFA BILL PULTE leader orders Fannie Mae, Freddie Mac to consider Crypto to be a mortgage asset He appeared for the first time Cryptonews.
