The U.S. Senator Boosts Bitcoin in Mortgage Eligibility
Main Idea
U.S. Senator Cynthia Lummis introduced the 21st Century Mortgage Act to include Bitcoin in mortgage eligibility, aiming to integrate cryptocurrencies into the financial system and modernize regulations.
Key Points
1. Senator Cynthia Lummis proposed the 21st Century Mortgage Act to incorporate Bitcoin into mortgage eligibility criteria.
2. The bill seeks to address gaps in the current legal framework regarding crypto assets and modernize financial regulations.
3. A similar bill is under consideration in the House of Representatives, indicating legislative momentum.
4. The initiative could enhance the U.S.'s position in the global cryptocurrency market and expand credit processes for investors.
5. Senator Lummis emphasized the bill's role in meeting the needs of the modern financial system.
Description
The bill aims to include crypto in mortgage criteria, starting with Bitcoin. Bitcoin's stability and usage may facilitate legislative approval. Continue Reading: The U.S. Senator Boosts Bitcoin in Mortgage Eligibility The post The U.S. Senator Boosts Bitcoin in Mortgage Eligibility appeared first on COINTURK NEWS .
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