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Crypto News

FHFA FANNIE MAE and Freddie Mac orders recognition of encryption as a mortgage asset

The Federal Housing Finance Agency (FHFA), under Director William Poltti, Vanie May (Federal National Metro -National Association) and Faridi Mac (Federal Loan Loan Company), directed the consideration of the encrypted currency in the risk assessments of the single family loans. PULTE noticed in the X publication that the decision was based on an intense review and the desire to monitor President Donald Trump’s attempt to facilitate the adoption of the prevailing digital assets in the United States.

“FHFA, according to this, directs each institution to prepare a proposal to consider the encrypted currency as the asset of reserves in assessing the risk of a mortgage loan for the same family, without converting the coded currency to the US dollar,” male.

According to the arrangement, both FANNIE MAE and Fredie Mac should consider only the encryption assets that are traded and stored in the Central Banks organized by Coinbase Global Inc. (NASDAQ: Coin) and Robinhood Markets Inc. (Nasdaq: hod).

The market effect of FHFA orders on encryption assets

FHFA orders on Fannie Mae and Freddie Mac attracted to consider encryption assets in their risk assessments of a single family loans with great interest in the WEB3 space. According to Michael Sailor, co -founder and chairman of the strategy, the move by FHFA is a decisive moment for the institutional adoption of Bitcoin.

The remarkable proliferation in the new legislation and regulations has achieved a major turning point, as traditional financial institutions have gained confidence in adopting digital assets.

After this announcement, the Bitcoin price increased by 1 percent on Wednesday to trade by about 107748 dollars during the mid -northern American session. However, the price of bitcoin faces feelings of drop in the short term unless the leading currency is constantly closed for $ 110,000 in the coming days.

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