X @Wendy O

. @SenLummis introduces 21st Century Mortgage Act- Lummis introduced the ‘21st Century Mortgage Act’-would allow crypto holdings to count as mortgage borrower reserves-No forced conversion of crypto to USD required-the bill targets younger Americans using crypto to build wealth-Requires crypto to be held in qualified custodial accounts on a blockchain-it follows the Federal Housing Finance Agency’s directive to consider crypto in mortgage risk assessments-Critics warn of potential threats to housing and fin ...