A Bitcoin-Backed Mortgage? This Proposal May Become ‘An Innovative Path To Wealth Building’
Bitcoin (CRYPTO: BTC) became the centerpiece of two major policy moves in Washington as Senate leaders struck a bipartisan deal to reopen the U.S. government and the Trump administration advanced a proposal to allow cryptocurrency to be listed as mortgage collateral.
Bitcoin Rallies As Washington Reaches Funding Agreement
The world’s largest cryptocurrency climbed more than 1% intraday as the Senate approved a procedural motion to advance a bill funding the government through January.
Eight Democrats joined Republicans to pass the measure, which also reverses certain federal layoffs and restores pay protections for government workers.
The vote comes as investor confidence shows signs of strain.
A University of Michigan survey released last week showed consumer sentiment at a three-year low amid concerns about the shutdown’s economic impact.
Broader digital asset markets mirrored the relief rally, with XRP (CRYPTO: XRP) jumping 6.75% yesterday, while Ethereum (CRYPTO: ETH) traded slightly down.
Trump Administration Pushes Crypto-Backed Mortgage Policy
The administration of President Donald Trump is exploring a …
About The Author
