Crypto as an asset for reserves 🫥


"William Pulte, director of the Federal Housing Finance Agency, which oversees Fannie and Freddie, ordered the agencies Wednesday to prepare a proposal for consideration of crypto as an asset for reserves when they assess risks in single-family home loans.

"Pulte also instructed the agencies that their mortgage risk assessments should not require cryptocurrency assets to be converted to U.S. dollars. 

"And only crypto assets that 'can be evidenced and stored on a U.S.-regulated centralized exchange subject to all applicable laws' are to be considered by the agencies in their proposal, Pulte wrote in a written order, effective immediately." 

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