A group of Senate Democrats has challenged the Federal Housing Finance Agency’s recent directive to incorporate cryptocurrency assets into mortgage risk assessments without converting them to fiat currency. Expressing worries about the volatility, fraud risks, and liquidity issues associated with crypto, the senators have requested transparency and a thorough risk-benefit analysis. They also pointed out potential conflicts of interest involving FHFA Director William Pulte and referenced past financial crises where crypto exposure was detrimental. The lawmakers urge careful evaluation before any changes affect the U.S. housing market.
Continue to read Senate Democrats Raise Concerns Over FHFA's Inclusion of Crypto in Mortgage Risk Assessments
A group of Senate Democrats has challenged the Federal Housing Finance Agency’s recent directive to incorporate cryptocurrency assets into mortgage risk assessments without converting them to fiat currency. Expressing worries about the volatility, fraud risks, and liquidity issues associated with crypto, the senators have requested transparency and a thorough risk-benefit analysis. They also pointed out potential conflicts of interest involving FHFA Director William Pulte and referenced past financial crises where crypto exposure was detrimental. The lawmakers urge careful evaluation before any changes affect the U.S. housing market.
Continue to read Senate Democrats Raise Concerns Over FHFA's Inclusion of Crypto in Mortgage Risk Assessments
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