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Fannie to accept Crypto as down

So who holds the risk from cryto price changes? That is the question none of the AI garbage or press releases are clearly stating. If the borrower/crypto owner has no risk, why are they not borrowing when the market peaks and paying back when it bottoms? If the borrower/crypto owner retains any price risk (ever), then the only way GSEs have "no exposure" is to exclude those assets from credit decisions and preclude their owner from encumbering them in any way that could trigger any type of margin call. More questions than answers at this point.
 
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