Sources: The US Treating Cryptocurrency as Collateral for Fannie Mae and Freddie Mac May Trigger Another Subprime Crisis

According to ChainCatcher, Caixin has reported that the U.S. Federal Housing Finance Agency (FHFA) has instructed mortgage lenders Fannie Mae and Freddie Mac to consider cryptocurrencies as collateral assets in residential mortgage risk assessments. Several figures in the cryptocurrency industry have noted that this could signal a major shift in asset review standards for U.S. home loan applications in the future, potentially allowing cryptocurrencies to be used as collateral assets.

An industry insider, who wished to remain anonymous, told Caixin that this is undoubtedly positive news for the crypto industry. However, if this does happen, the volatility of the cryptocurrency market will directly impact the mortgage market, making the next subprime crisis only a matter of time.