If we talk about crypto, till now people used it only for trading or investment but now according to a headline from the government, it is going to be a part of our economic life as well. Regarding American news, FHFA agency has said that from 2025, crypto will be considered an asset. If you have Bitcoin tokens like Ethereum or Solana, then you will be able to avail home loan facility by mortgaging it.
Federal Housing Finance Agency (FHFA)
FHFA has directed two of America’s largest companies to start preparing to recognize crypto as an asset. These two companies are Fannie Mae and Freddie Mac. FHFA has said that this change will start gradually but the work should start from 2025.
Important News for crypto Holders
A great news for crypto users is that tokens like Bitcoin, Ethereum, Solana will not only be used to keep in the portfolio, but you will also be able to avail the facility of home loan by mortgaging it in banks. This news is currently positive fundamentally and if we talk about the technical charts, then a slight decline is seen in the market due to pressure. There are chances of bitcoin falling slightly below its level. As per the reports of experts, its impact can be on those who make short term investments, whereas it can become a big beneficial opportunity for long term investments.
Impact On other countries ?
Currently, this decision has been taken in America but its effect will be seen in all countries. It is possible that when this financial model proves to be beneficial in America, then other countries will also look at it and crypto will start getting recognition and changes will be seen in financial institutions around the world.
A few years ago, crypto was considered a waste of money, but after some time, people started considering crypto as a part of global finance and as an investment option. And now in 2025, if the decision taken by the US government proves to be beneficial, then it will be proved that digital assets are also trustworthy.
Disclaimer
This article is written for information only. All the information given in it is taken from online media sources. This is not any financial advice. Please consult a financial advisor before investing in any crypto.