Fannie and Freddie Will Now Have to Short Your Crypto
So, here’s a new thing: the federal government has decided that your crypto portfolio—your Bitcoin, your Ethereum, your lingering Dogecoin bag—can help you qualify for a mortgage.
This is not quite “buy a house with Bitcoin.” That would be too fun. No, this is more bureaucratic: the Federal Housing Finance Agency says that if you’re applying for a mortgage backed by Fannie Mae or Freddie Mac, you can count your crypto holdings as part of your “asset reserves.” That means your Coinbase wallet is now officially money-like. It’s mortgage-relevant. It counts.
Crypto people rejoiced. Washington has finally recognized their tokens as legitimate financial assets—part of the American dream, if not quite legal tender.
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