TFTC: A Bitcoin Podcast #634: Proof Of Ownership Without Sacrifice with Sam Abbassi
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Jun 30, 2025 In a thought-provoking discussion, Sam Abbassi, Co-founder and CEO of Hoseki, delves into how the FHA's new policy allows Bitcoin holdings for mortgage net worth requirements. He argues for Hoseki's self-custody verification as a way to uphold Bitcoin's principles of sovereignty. The conversation also highlights the critical role of policy advocacy, the importance of private property rights, and Bitcoin's transformation into a recognized asset. Abbassi emphasizes the need for better education around Bitcoin's unique status in the financial landscape.
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FHA Recognizes Bitcoin Net Worth
- FHA now allows Bitcoin holdings to count towards mortgage net worth if held on regulated exchanges.
- This is a major step but requires sacrificing Bitcoin self-custody, which is against sovereignty principles.
Why Exchanges Are Required
- Regulated exchanges are the FHA's way to verify Bitcoin ownership due to lack of Bitcoin technical understanding.
- Hoseki aims to provide proof of ownership while preserving self-custody and sovereignty.
Hoseki Enables Self-Custody Proof
- Hoseki enables proving Bitcoin ownership without giving up private keys or custody.
- This uses signed messages and hardware wallets to confirm control to institutions securely.