The directive is “a landmark moment, one that acknowledges that modern wealth doesn’t always sit in traditional bank accounts,” Adam Reeds, CEO of crypto loan company Ledn, told Fortune. “For many Bitcoin holders, selling their crypto to help qualify for a mortgage means incurring massive capital gains taxes and giving up future upside.”
Wednesday’s directive to Fannie Mae and Freddie Mac marks another step in Trump’s pursuit to dramatically increase crypto’s role in America’s economic system.
“It signals growing institutional recognition of crypto’s role in personal and corporate balance sheets,” Lamine Brahimi, co-founder of crypto infrastructure company Taurus, tells Fortune.
