The Trump administration is evolving to consider cryptocurrency as an asset in mortgage risk assessments, a change that would considerably expand the role of crypto in the traditional American financing system.
Wednesday, the Federal Housing Finance Agency (FHFA) sent a directive to Fannie Mae and Freddie Mac, asking Wednesday by asking the two companies to prepare to adjust their policies to include cryptocurrencies as eligible active ingredients for a unifamilial mortgage, according to a statement of the director of the FHFA William Pulte. Fannie Mae and Freddie Mac are companies sponsored by the government that guarantee most of the residential mortgages in the United States
“In accordance with President Trump’s vision to make the United States the World Crypto Capital, I now ordered the great Fannie Mae and Freddie Mac to prepare their businesses to count the cryptocurrency as an asset for a mortgage,” Pulte wrote In an article on social networks on Wednesday.
The directive stipulates that Fannie Mae and Freddie Mac should only consider that the cryptographic investments which are kept and can be verified by a centralized exchange regulated by the United States as Coinbase. The directive also stipulates that companies should consider means to mitigate the risks associated with cryptocurrencies, such as “market volatility adjustments and the guarantee of sufficient risks based on risks in the share of reserves made up of cryptocurrency”, according to the FHFA press release.
During a typical mortgage loan assessment with Fannie Mae and Freddie Mac, if cryptographic investors want their assets to be considered as an asset, they must convert their digital currency, as Bitcoin And EthereumIn American dollars before the loan is closed. The new FHFA directive seeks to eliminate the need for loan seekers to do so, allowing cryptographic investors to maintain their assets throughout the loan process.
The directive is “a historic moment, which recognizes that modern wealth is not always in traditional bank accounts,” said Adam Reeds, CEO of the Crypto loan company, LEDN, said Fortune. “For numerous Bitcoin holders, selling their crypto to help qualify for a mortgage means initiating taxes in massive capital and abandoning the future advantage.”
The directive comes as President Donald Trump makes crypto a leading problem of his second term. After taking office, Trump quickly started to hold several of his campaign promises, including the creation of a Bitcoin national reserve and the appointment of pro-Crypto government officials. Under the Trump administration, the Securities and Exchange Commission (SEC) also abandoned a number of its surveys on cryptographic companies operating in the United States which were launched under the Biden administration.
Wednesday’s directive at Fannie Mae and Freddie Mac marks another step in the pursuit of Trump to considerably increase the role of crypto in the American economic system.
“It indicates an increasing institutional recognition of the role of crypto in personal and corporate assessments,” explains Taurus, co -founder of Crypto Infrastructure, Lamine Brahimi. Fortune.
