A new political debate is coming out as a group of Senate Democrats has officially raised concerns about the growing installation of crypto and users. The MPs sent a letter to Federal Housing Finance Agency (FHFA) director William Pulte, challenging their rejection instructions, asking to submit a proposal to include Fanny Mae and Freddy Mac. Uncommon Cryptocurrency property in hostage underwriting decisions. This marks a potential change of how digital property can affect debt eligibility and finance raisk assessment.
Senators – Loaded by Jeff Mercale, Elizabeth Warne, and Berney Sanders – that the inclusive and large -scale irregular crypto holdings in underwriting processes can cause significant threat to consumers. Extensive housing market. They argue that the direction lacks adequate expansion of how these proposals will be evaluated, or regulated, which will lead to uncertainty and possible systemic RICCS.
Under the current rules, the crypto converted with appropriate documents can be considered in mortage applications. Critics, including unconstitutional assets, say, is open to potential damage, liquidity risk, and potential damage from scams or hacks. Questions about the struggle and procedural inspection of interest and procedural inspection with Pulte also presiding over the boards of Fanny Mae and Freddy Mac.
Senator hostage lifts red flags on crypto in underwriting
In their fast word papers, the senators revealed that the current federal guidelines prohibit the use of unrelated cryptocurrency in hostage prevalence. The senators warned, “Extending the underwriting criteria for the position of uncontrolled cryptocurrency assets can pose a risk for the stability of the housing market and financial system,” the senators warned. He argues that crypto’s instability, lack of regulatory clarity, and limited liquidity -market -barrers -increases risks for both lenders and borrowers and borrowers. As a letter, “A borrower using crypto features has used a risk that they may not be able to get out of a crypto situation and can convert to canning at a price that will buffer the risk of mortgage default.”
The MPs argue that FHFA Director William Pulte can disrupt the stability of the financial system by disrupting uncontrolled crypto assets-sessatets, hagi, and prone to liquidity obstacles in real time.
Beyond financial concerns, the senators also questioned the possible conflicts of interests between the Pulte, the Trump administration and the Cryptocurrency industry, especially revolved around their double rule as the FHFA Director Chairman of the Boards of Enterprises. This overlapping condition allows for external impact in approving sofa policies that lack independent investigations.
As the US is close to integrating this asset class in transitional financial frameworks, this letter intensifies investigation from MPs. With the growth of institutional adopting and developing regulator Frameworks, there will be cricket for the coming weeks detectors to innovate with systemic finance stability.
Total market cap reaches $ 4 trillion
The weekly chart of the Total Crypto Market Cap reveals a powerful upgrade, with the market currently sitting on $ 3.89 trillion – when a psychologist $ 4 trillion mark. After a vertical rendering begins at the end of 2023, the market has controlled to push high with string bullish speed, which confirms a break from its previous consolidation phase.
All major moving averages (50, 100, and 200) are trending upwards, and the price is well above. It suggests a healthy structure in both short and long -term approaches. The 50-week SMA on $ 2.95 trillion is now acting as a solid macro support, underlining the strength of the current cycle.
No, this lead also aligns with prevers all-time high region from the beginning of 2022, now flipped into support-there are important technical signs in Bulish Chakras. In the volume up weeks, the market is in the weeks, confirming the interest in the form of traction of profit.
Specially displayed image from Dall-E, chart from tradingview
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