$WCT #WalletConnect
Investing.com -- On Wednesday, the Director of the Federal Housing Finance Agency FHFA, William Bolt, directed Fannie Mae and Freddie Mac to prepare their operations to recognize cryptocurrencies as assets for mortgage applications.
"After thorough study, and in line with President Trump's vision of making the United States the cryptocurrency capital of the world, I have today ordered the great Fannie Mae and Freddie Mac to prepare their operations to account for cryptocurrencies as mortgage assets," said Bolt.
This directive represents a potential shift in how government-backed institutions assess assets for mortgage qualification purposes. This move aligns with the administration's stated goals regarding the adoption of cryptocurrencies in the United States.
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