Insiders: The U.S. treating cryptocurrency as collateral for "GSEs" could trigger another mortgage crisis

ChainCatcher news, according to Caixin, the Federal Housing Finance Agency (FHFA) has ordered housing loan agencies Fannie Mae and Freddie Mac to consider cryptocurrencies as collateral in the risk assessment for residential mortgages. Several cryptocurrency industry insiders have stated that this means there could be a significant shift in the asset review standards for Americans applying for housing loans, potentially allowing the use of cryptocurrencies as collateral.

An industry insider who wished to remain anonymous told Caixin that this is undoubtedly a positive development for the crypto industry, but if this is the case, then the volatility of the cryptocurrency market will directly impact the housing loan market, and the next subprime mortgage crisis will just be a matter of time.