Ripple applauds the FHFA's decision to accept Bitcoin as mortgage collateral, enhancing crypto's role in traditional finance.
FHFA's new directive allows Americans to use cryptocurrencies like Bitcoin for home mortgages without converting them into U.S. dollars, boosting crypto integration in the $20 trillion U.S. housing market.
Analysts warn of volatility and custody issues with the use of crypto as collateral, emphasizing the need for careful oversight to avoid financial risks.
The policy shift is seen as a monumental step towards bridging blockchain innovation with legacy financial systems, aligning with Ripple's advocacy for regulatory clarity and crypto integration in mainstream finance.