Emergency News🔴
Use $ETH to Mortgage Your Home? For Now, Just Convert to Cash First

@Ethprofit claims that "Ethereum has been recognized by the US housing system as a reserve asset." After reading it repeatedly, I believe this is an overinterpretation of the FHFA order.

The core of the FHFA's order is actually very clear:
Fannie Mae and Freddie Mac are instructed to study whether "crypto assets, after being converted to US dollars, deposited in regulated exchanges, and risk-adjusted," can be included in the financial assessment of individual home loans. This is not quite the same as directly recognizing $ETH as a reserve asset, because $ETH itself still cannot be directly used as collateral or to calculate reserve ratios.

The document focuses on the starting point of research into "crypto assets as a potential asset class," not specifically on ETH. What is really being "considered for inclusion" is the value of cryptocurrencies after they have been converted into fiat currency, not the consensus of $ETH itself.