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Crypto

U.S. House renews push for bill to count crypto assets in mortgage qualification

A bill that would encourage U.S. federal housing agencies to reflect cryptocurrency holdings in mortgage underwriting has drawn renewed attention. Representative Nancy Mace reaffirmed her intent to advance the American Homeowner Crypto Modernization Act, saying crypto ownership should not bar people from homeownership. The proposal would not accept unverified wallet balances and would require documentation such as proof of ownership, transaction records and exchange documents. The bill remains in early legislative stages in Congress.

Crypto

Ripple burns another 10 million RLUSD tokens, cuts supply and expands use cases

Ripple burned an additional 10 million dollar-pegged stablecoin RLUSD tokens, extending its recent supply-adjustment trend. Market participants are interpreting the burn as a normal supply management process tied to customer redemptions rather than a signal of weakening demand. RLUSD’s circulating size has fallen, with its market value at about $1.52 billion, down about $380 million from late May. Ripple is also expanding RLUSD uses in AI payments and donations.

Industry

Postmen to check on residents and help with surveys as Korea Post expands public role

Korea Post is expanding the role of postmen to act as a “last mile” in national administration, including identifying welfare blind spots and carrying out administrative checks. It shifted from one-off disaster response to a permanent delivery system for welfare and administrative services after introducing “welfare mail” in 2022. Legal grounds were strengthened in May through an amendment. Projects also include statistical surveys and environmental collection efforts such as unused medicines and e-cigarettes.