The Trump administration just took a big step towards considering crypto assets during home loan applications
Briefly

The Trump administration's Federal Housing Finance Agency is initiating a significant shift in the handling of cryptocurrency for traditional home mortgage assessments. A directive has been issued to Fannie Mae and Freddie Mac, instructing them to integrate cryptocurrencies as qualifying assets for mortgages, provided they are verified and custodied by regulated exchanges. This change will allow investors to keep their cryptocurrencies intact during the mortgage process, reflecting a broader recognition of digital currencies as legitimate financial assets. However, it also highlights the need for risk mitigation strategies due to cryptocurrency volatility.
"In keeping with President Trump's vision to make the United States the crypto capital of the world, today I ordered the great Fannie Mae and Freddie Mac to prepare their businesses to count cryptocurrency as an asset for a mortgage."
"The directive states that Fannie Mae and Freddie Mac should only consider crypto investments that are custodied and can be verified by a U.S.-regulated centralized exchange like Coinbase."
"The directive is a landmark moment, one that acknowledges that modern wealth doesn't always sit in traditional bank accounts."
"The directive also states that the enterprises should consider ways to mitigate the risks associated with cryptocurrencies, like adjustments for market volatility."
Read at Fortune Crypto
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