Join Our Telegram channel to stay up to date on breaking news coverage
The US Federal Housing Finance Agency (FHFA) ordered Fannie Mae and Freddie Mac to consider crypto as an asset for some mortgage loans.
In a letter shared in a June 25 X post, FHFA director William J. Pulte ordered the government-backed enterprises to “prepare a proposal for consideration of cryptocurrency as an asset for reserves in their respective single-family mortgage loan risk assessments.”
Crypto For Mortgages Will Not Have To Be Converted To Fiat
Fannie Mae and Freddie Mac play a pivotal role in the US home loans market. They have been under government control since they were bailed out during the 2008 financial crisis, after they suffered huge losses due to exposure to mortgage-backed securities containing subprime loans.
With the new order, both enterprises will have to explore how to let clients apply for a mortgage using cryptocurrency.
Fannie Mae and Freddie Mac will now allow buyers to secure mortgages with crypto.
Just bought my first house everyone 🥳🫂 pic.twitter.com/prolebFrmu
— Barchart (@Barchart) June 25, 2025
Pulte said in his letter that the crypto holdings used in the applications will not need to be converted into fiat first, a move that “has not typically been considered,” according to the FHFA director.
He added that Fannie Mae and Freddie Mac should only consider cryptos that can “be evidenced and stored on a US-regulated centralized exchange” that is also “subject to all applicable laws.
FHFA Move Latest In Trump’s Pro-Crypto Narrative
The order for Fannie Mae and Freddie Mac to look into considering crypto for mortgage applications is the latest move in the Trump administration’s push to a more crypto-friendly environment in the US.
It follows Trump’s promise to make the US the “crypto capital” of the world.
Since taking office for his second term, the President has issued several pro-crypto executive orders. These include one to create a Strategic Bitcoin Reserve.
Trump has also appointed crypto-friendly regulators to lead key agencies such as the US Securities and Exchange Commission (SEC), which had opted for a regulation-by-enforcement approach under former anti-crypto Chair Gary Genseler.
Related Articles:
Best Wallet – Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
