Crypto Credit Enters Mortgages Through Administrative Action, Not Market Validation

Crypto Credit Enters Mortgages Through Administrative Action, Not Market Validation

The eligibility of loans collateralized by Bitcoin and stablecoins within Fannie Mae’s perimeter is the most relevant sector development since spot ETF approval. The reading consistent with risk analysis is less comfortable: authorization has administrative origin, issued by FHFA directive, without an approved statutory framework and with a legislative bill still in introduced stage. The ...