Trump administration moves to count crypto as a federal mortgage asset

In a historical change for the United States accommodation Finance System, the Federal Housing Finance Agency published a directive ordering Fannie Mae and Freddie Mac to officially consider cryptocurrency like a family asset mortgage Loan risk assessments.

The move, signed by the director of FHFA, William J. Pulte on Wednesday, signals a new era of integration of cryptography into traditional financial infrastructure – this time at the heart of the American home loans.

The order orders the two giants of the financing of housing to develop proposals which include digital assets – without requiring borrowers To liquidate them in US dollars before a loan closed.

Pulte declared in an article on X that this decision aligns with the president Donald Trumpvision “to make the United States Cryptographic capital of the world. “”

Historically, cryptocurrency has been excluded from subscription frames due to volatility, regulatory uncertainty and inability to easily check the reserves. This directive changes this.

The decision comes at an era of institutional membership in the crypto between the bank, payments and federal policy.

“Cryptocurrency is a class of emerging assets which can offer the possibility of building wealth outside the stock markets and obligations,” said the order, recognizing the growing role of crypto in household financial portfolios.

The directive restricted to taking into account digital assets which are stored on centralized exchanges regulated in the United States and can be clearly highlighted. It also forces Fannie MAE and Freddie Mac to develop internal adjustments to take into account the volatility of the crypto market and ensure that all weighted reserves according to the risk composed of crypto does not compromise the subscription standards.

Under the directive, the two companies must submit their evaluation proposals to the boards of directors for approval, then to the FHFA for final revision.

Fannie MAE and Freddie Mac were placed under the control of the government in September 2008 as the tendencies which are known as the companies sponsored by the government, or GSE.

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