He has been introduced by Synthia Lumis, the most trusted American Senate ally in the digital asset industry Latest crypto billWhich will ensure that the hostage borrowers can use their cryptocurrency holdings to help secure their debt.
Last month, Federal Housing Finance Agency Director William Pulte Guided Government -backed hostage giant Fanny Mai and Freddy Mac asked to come up with proposals how they could include crypto holdings to reduce a mortgage. The Lummis bill “will allow a borrower to hold a borrower in a digital asset, the evidence for a qualified custodial arrangement, to be included in a borrower reserves without conversion of a digital asset in the United States” – essentially code that is already demanding the stress.
Lummis said in a Tuesday statement, “This law embraces an innovative path for money-making, taking into account the increasing number of young Americans with digital property,” Lummis said in a Tuesday statement, “Those assets suggest that they can help to bridge the ownership of the house and otherwise.
“We are living in a digital age, and instead of punishing innovation, government agencies must develop to meet the needs of a modern, forward -minding generation.”
It is not clear whether this bill will get traction in the Congress or can it be added to other ongoing law efforts. Lumis, chairman of the Digital Assets Subcomitti of the Senate Banking Committee, is already working on the highest priority of the industry: an American regulatory system for the functioning of Crypto markets.
Lummis, who represents Vyoming, also plays an important role in a federal crypto stockpile, but she faces some opposition to the hostage ideas in the banking committee. Panel rankings Democrat, Senator Elizabeth Warren pushed back on the attempt of Pulte this week, A letter with other democrats To question the use of volatile digital assets in a main component of the US economy.
Letter to FHFA – Senator Burney Sanders, Chris Van Holen, Jeff Mercale and Mazi. Signed by Hirono – argued that the step “could pose a risk for the stability of the housing market and the financial system.”
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