U.S. Senators Raise Red Flags on Crypto Mortgage Plan Amid Volatility and Regulatory Gaps
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最新报道：U.S. Senators Elizabeth Warren and John Kennedy have raised concerns over a crypto mortgage proposal by Texas-based startup Milo, warning it could expose homeowners to "unnecessary financial risks" due to cryptocurrency volatility. In a letter to federal regulators, the senators highlighted potential regulatory gaps, noting crypto mortgages lack FDIC insurance and traditional underwriting standards. Milo's program, which accepts crypto as collateral for U.S. dollar mortgages, has reportedly issued $200 million in loans since 2022. The lawmakers urged the CFPB, FDIC, and OCC to assess risks and ensure proper oversight of such products. This comes amid broader scrutiny of crypto's role in traditional finance.
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