The co -founder and the head of the editor -in -chief, Lamce Lambert deals with concerns about the housing market on “earning money”.
American housing organizer FANNIE MAE and Freddie Mac directed to consider the cryptocurrency as a asset to assess the risk of a mortgage loan.
On Wednesday, William Polati, director of the Federal Housing Finance Agency (FHFA), said on Wednesday that he had ordered the government -sponsored institutions, which play a decisive role in the home financing industry, “to prepare their businesses for the cryptocurrency as a mortgage asset.”
Polati said this step is in line with “President Trump’s vision to make the United States the capital of encryption in the world.”
FHFA provides supervision, organization and housing on the mission of Fannie Mae and Freddie Mac, which buys and selling real estate loans, since the mortgage crisis in 2008.
Both housing giants have been placed in maintaining conservation after a significant deterioration in the housing markets, severely affected by their financial condition, creating the need for government intervention. Since then, FHFA has evaluated its financial safety, safety and comprehensive risk management practices on an annual basis.
A mark for sale in front of a house in Arlington, Virginia, on August 22, 2023. House sales were placed in the United States in July, according to industry data issued on August 22, 2023, (Andrew Caballero-Rynolds / AFP via Getty Images / Getty Images)
Today, both institutions guarantee more than half of the real estate mortgages in the United States
Under the direction of PULTE, each institution must prepare a proposal to consider the cryptocurrency as the asset of reserves in the real estate mortgage risk assessments of one family, without converting it into US dollars. Each institution is directed only to the assets of the cryptocurrency that can be proven and stored on a centralized stock exchange subject to the United States, according to all the laws in force, according to the guidance.
The American Housing Crisis: The CEO of RealTor.com says that there is a way to solve it
Since his second term as president Donald Trump, Those who have benefited from the currency to finance part of his campaign to re -election, working to reform the country’s cryptocurrency policy.
The White House said Trump signed an executive order earlier this year to create a strategic reserve for Bitcoin and US digital assets to make the country “a leader among nations in the government digital assets strategy.”
A “sale” mark is offered outside a house for sale on August 16, 2024 in Los Angeles, California. (Patrick T. Fallon / AFP via Getty Images / Getty Images)
In May, and Trump Media and Technology Group She announced a $ 2.5 billion deal with institutional investors to create a bitcoin wardrobe.
In the same month, Vice President JD Vance Bitcoin 2025 in Las Vegas attended and highlighted that the Trump administration is taking a more suitable approach to the digital assets emerging than its predecessors.
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The “for sale” brand is on a house in Philadelphia, Pennsylvania, the United States, on Friday, August 16, 2024. (Joe Lamberti / Bloomberg via Getty Images / Getty Images)
“I am here today to say loudly and clearly: with President Trump, Endy encryption has a hero And an ally in the White House. The vice president said that our administration understands the full potential for the digital asset industry, not only as investment, not only as a delightful technology, but as a symbol and a driver for personal freedom for all our citizens.
Reuters and Fox Business’ Eric Revell contributed to this report.
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