Cathy Wood predicts that the request “cannot be achieved” will lead to the transformation of wealth

Cathy Wood predicts that the request “cannot be achieved” will lead to the transformation of wealth Originally Thestreet.

The US mortgage policy in the United States can witness a huge change in the next few months, thanks to the recent development.

On June 25, Director of the Federal Housing Agency (FHFA) William Polly He issued an order Fannie Mae and Freddie Mac guidance to consider the cryptocurrency as the original as part of the mortgage requests.

Part of the bare -purchase agenda in the Trump administration, the guidance of the bodies requires the formulation of mortgage proposals to consider the encryption assets of reserves in the assessments of a single family loan.

Industry leaders like Ark Invest, CEO Cathy Wood We appreciate this step, saying “It can greatly enhance both encryption and housing.”

Join the discussion with Cryptowendyo A round table here.

However, there is one component of the guidance that divided the encryption community, which studies the encryption assets that were kept only on the central exchanges of the United States.

The X Stackingalpha user has gone to the point of contacting FHFA to consider encryption preserved in the self -body against the spirit of encryption.

For those who are not familiar, most encryption communities are proud to be central and out of control of central intermediaries such as banks or exchanges.

the The user asked the wood If those who suffer from large bitcoin possesses in the self -body will only transfer them to the central stock exchanges to benefit from the mortgage requests.

Join the discussion with Scott Melker on A round table here.

Wood responded Those who carry bitcoin for a long time may have a large part of their pure wealth in the origins of encryption. Therefore, you will not be surprised by their vision of some of their Bitcoin’s possessions into Coinbase (Nasdaq: Coin) Crypto Exchange so that they can use these funds as a guarantee in mortgage applications “for a new home that cannot be achieved once.”

While the direction of FHFA mentions the central exchanges that regulate the United States, it does not specify any specific exchange. But Wood mentioned Coinbase as an example in her response.