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Trump plans to promote the inclusion of crypto assets in the U.S. pension and mortgage system, triggering opposition from Democrats

Internet reports that the Trump administration plans to further deeply integrate crypto assets into the U.S. economy, including including digital assets such as Bitcoin in 401(k) retirement accounts and home mortgage asset evaluations. The Federal Housing Finance Agency has asked Fannie Mae and Freddie Mac to consider crypto assets held by borrowers as collateral, drawing opposition from Democrats such as Sen. Elizabeth Warren, who fear the move could destabilize the financial system. The White House will also release a blockbuster crypto asset strategy report on Wednesday and may sign an executive order to promote more diversification of pension investment, including cryptocurrencies. In addition, the market is concerned about whether the report involves federal reserve mechanisms such as the "Bitcoin Strategic Reserve". Earlier this month, Trump completed legislation on stablecoin regulation through the "GENIUS Act". The House of Representatives has passed relevant market structure bills, and the Senate is also drafting a version. It looks forward to receiving industry feedback before August 5. Although Congress is in recess, the Trump administration has made encryption a core agenda for the second half of this year.

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