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https://warpcast.com/~/channel/law-policy
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Birdnals.eth 🎩💩
@birdnals
SEC v. Ripple ends its 5 year battle with a whimper, while the Senate turns to market structure (kinda). Also, I might be able to use my fartcoin bag to qualify for my next mortgage? Here's everything that happened in crypto law last week: https://nfttorney.com/2025/07/01/off-the-blockchain-june-23-30-2025/
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Sarah Shtylman
@shodyesq
Only if you hold the fartcoin at Coinbase tho.
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Birdnals.eth 🎩💩
@birdnals
I read the clause as "can be" held on registered exchanges and not necessarily had to be held on exchanges, but realistically idk how else it would be evidenced. Not like you can use gold bars in your home safe to prove mortgage credit worthiness (afaik?). I guess they could have a system where people send small transaction to prove they control a wallet where crypto is held or allow ledger or coinbase wallet to partner to KYC and prove identity of wallet controller, but highly doubt any federally sponsored entity is savvy enough to implement something like that.
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Sarah Shtylman
@shodyesq
I think the nature of digital assets means it’s not the same as the gold bars at home. For the reason you describe — proof of ownership can be verified without an intermediary. Ultimately this is just an order to explore how crypto could be used to evaluate mortgage applications, and just because it needs to contemplate assets held with custodians doesn’t mean it must exclude self custody assets. All to say, I’m not actually worried about the policy implications here, and will be interesting to follow developments.
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Birdnals.eth 🎩💩
@birdnals
Yeah, it would be super cool if they do actually implement something which takes advantage of the trustless certification ability for self-custody crypto. But if that's not available day 1 I don't see that as meaning it won't be available as things progress.
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