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TFTC: A Bitcoin Podcast

#634: Proof Of Ownership Without Sacrifice with Sam Abbassi

TFTC: A Bitcoin Podcast

Marty Bent

Technology

4.8764 Ratings

🗓️ 30 June 2025

⏱️ 54 minutes

🧾️ Download transcript

Summary

Marty sits down with Sam Abbassi to discuss the FHA's new policy allowing Bitcoin and crypto holdings to count toward mortgage net worth requirements when held on regulated exchanges, and how Hoseki's self-custody verification platform offers a better solution that preserves Bitcoin's sovereignty principles.

Hoseki: https://www.hoseki.app/

Hoseki on Twitter: https://x.com/hosekiapp

Sam Abbassi on Twitter: https://x.com/samabbassi

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Transcript

Click on a timestamp to play from that location

0:00.0

You've had a dynamic where money has become freer than free.

0:10.0

If you talk about a Fed just gone nuts, all the central banks going nuts.

0:16.0

So it's all acting like safe haven.

0:18.0

I believe that in a world where central bankers

0:21.5

are tripping over themselves to devalue their currency,

0:24.4

Bitcoin wins.

0:25.4

In the world of fiat currencies, Bitcoin is the victor.

0:29.3

I mean, that's part of the bold case for Bitcoin.

0:32.0

If you're not paying attention,

0:33.5

you probably should be.

0:34.4

Probably should be.

0:36.7

The emergency rep late on a Friday.

0:39.7

My guest here has a wedding in a little bit.

0:43.0

I am braving the storm on the back porch of my father-in-law's beach house right now.

0:47.7

But something to talk about.

0:51.4

The FHA, Bill Pulte, Bill Pult came out on Wednesday while Sam and I were both

0:58.4

at the Bitcoin Policy Institute Summit and announced that they are essentially taking away

1:05.5

the spending provision that Biden put in in 2022, which basically made it so if you want to get a mortgage

1:13.9

as a bitcoiner and have your Bitcoin count towards your net worth, you need to sell that Bitcoin,

1:19.4

hold it in a bank account, hold the cash in a bank account for three months. And then the value

1:24.0

that Bitcoin you sold could be recognized towards your net worth and towards your creditworthness.

1:30.6

Bill Polte came out on Wednesday and said, hey, we're changing this.

...

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