Fannie Mae and Freddie Mac have been directed to look into how cryptocurrency might be included when evaluating mortgage applications.
The instruction came from the Federal Housing Finance Agency (FHFA), which oversees both institutions.
In a letter sent on June 25 and later shared on X, FHFA Director William J. Pulte asked the two firms to come up with a proposal for counting certain digital assets as part of a borrower’s reserves. These reserves are used to help measure a person’s ability to repay a mortgage.
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Under this plan, applicants would not have to convert their crypto into US dollars for it to be considered.
Currently, most mortgage providers only accept reserves in traditional cash or easily sold assets. Crypto usually does not qualify unless it has already been exchanged for dollars. Pulte stated that the idea is to assess crypto directly, as long as it meets specific conditions.
According to the letter, only cryptocurrencies stored on US-regulated centralized exchanges will be eligible. These platforms must comply with all relevant laws, and the crypto must be verifiable. Digital assets kept in personal wallets or on overseas exchanges will not be included.
Pulte stated that this decision follows careful study and fits with President Donald Trump’s goal of boosting the country’s position in the global crypto industry. However, the FHFA is not making an immediate policy change.
Meanwhile, Samson Mow, the founder of Jan3, announced plans to expand Bitcoin
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
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