Federal Housing Finance Agency Director William Pulte Orders Crypto To Be Counted as an Asset for Mortgages

The regulator of the United States’ largest mortgage provider has ordered that cryptocurrencies be listed as mortgage assets.

According to Federal Housing Finance Agency (FHFA) director William Pulte on the social media platform X, mortgage lending giants Fannie Mae and Freddie Mac have been told to “count cryptocurrency” as an asset in mortgage loan applications.

“After significant studying, and in keeping with President Trump’s vision to make the United States the crypto capital of the world, today I ordered the Great Fannie Mae and Freddie Mac to prepare their businesses to count cryptocurrency as an asset for a mortgage.”

Per the image of the order shared on the social media platform, the only digital assets that will count will be those held on a US-regulated crypto exchange.

“U.S. Federal Housing FHFA, as conservator, hereby directs each Enterprise to prepare a proposal for consideration of cryptocurrency as an asset for reserves in their respective single-family mortgage loan risk assessments, without conversion of said cryptocurrency to U.S. dollars. Each Enterprise is directed to consider only cryptocurrency assets that can be evidenced and stored on a US-regulated centralized exchange subject to all applicable laws.”

The FHFA has regulated and controlled Fannie Mae and Freddie Mac ever since the 2008 subprime mortgage crisis spurred, in part, by the lenders.

The order does not specify which cryptocurrencies will be considered.

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