FHFA's Pulte Orders Fannie, Freddie to Consider Crypto as Mortgage Asset
Federal Housing Finance Agency Director William Pulte told Fannie Mae FNMA 0.50%increase; green up pointing triangle and Freddie Mac FMCC 0.73%increase; green up pointing triangle to prepare their businesses for counting cryptocurrency as an asset on mortgage applications.
Pulte said in a social media post Wednesday the move was 'in keeping with President Trump's vision to make the United States the crypto capital of the world.' In his order, he said crypto is an emerging asset class that may offer an opportunity to build wealth outside of the stock and bond markets.
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