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0.000929656027269945 -0.000247908273938593 -0.000743724821815956 -0.00111620700340863 -0.00364425162689801 -0.00130151843817775 -0.00130151843817775 -0.00130151843817775
Stock impact report

Trump's Crypto Cabinet Tag Team Mortgage Payments with Fannie Mae [Yahoo! Finance]

Coinbase Global, Inc. - 3Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
Crypto spent an estimated $245–$250 million across the 2024 election cycle, more than oil and gas, pharma, and Citadel combined per OpenSecrets, and this week it started collecting. Better Home & Finance and Coinbase announced a mortgage product that lets borrowers pledge crypto as collateral for a Fannie Mae-conforming loan, a first in U.S. housing finance. Simultaneously, the White House wrapped up its review of a Labor Department rule that would open Americans' 401(k)s to Bitcoin. For anyone surprised or terrified, the spending figures above are your explanation. WHAT HAPPENED This is a genuinely historic structural shift in U.S. housing finance, which makes what follows all the more worth paying attention to. Barely three years ago, Bitcoin and crypto were viewed by Congress, the SEC, and really the majority of the United States as a scam. The FTX implosion, courtesy of Sam Bankman-Fried, who was sentenced to 25 years in prison for wire fraud, conspiracy, and money launderi Show less Read more
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