FHFA Director William Pulte has ordered Fannie Mae (FNMA) and Freddie Mac (FMCC) to explore crypto as an asset for single-family mortgage applications without converting it to USD, CNBC’s MacKenzie Sigalos reports. Only digital assets held on U.S.-regulated, centralized exchanges will qualify under the new guidance and Fannie and Freddie must design safeguards to account for crypto’s volatility and submit their plans to the FHFA, according to the report. The move aligns with President Donald Trump’s vision “to make the United States the crypto capital of the world,” Sigalos writes. “Cryptocurrency is an emerging asset class that may offer an opportunity to build wealth outside of the stock and bond markets,” the order states.
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