William Pulte, director of the Federal Housing Finance Agency, asked the heavyweights of the MAE MAE and Freddie Mac mortgage to prepare a proposal for their companies to include cryptocurrency as an asset for a domestic mortgage “without conversion of said cryptocurrency to American dollars”, ” The order indicated.
Fannie Mae and Freddie Mac, mortgage companies sponsored by the government who provide liquidity to the mortgage market, guarantee the majority Of the 51 million mortgages in the United States.
Pulte’s order is a striking contrast of Mae Fannie Sale Guide in 2025which stipulates that “virtual currency cannot be used for the deposit on the sales contract (serious money) for the purchase of the property in question.”
Move could change property
“It is a truly revolutionary moment that will change forever”, according to Jason Brett, a former federal regulator of the Deposit Insurance Corporation who also worked the Treasury on the affordable modification program at home.
The members of the Z generation Z, which have a greater tendency to hold cryptocurrencies compared to previous generations, were dismayed about affordability at home, but the order could allow them to take advantage of their crypto to obtain a unifamilial mortgage, Brett told Sherwood News.
Yaël Ossowski, deputy director of the Consumer Choice Center and member of the Bitcoin Policy Institute, told Sherwood that order is a massive signal for entrepreneurs, lenders and potential buyers that cryptocurrency assets can act as “an explicit point of entry into the mortgage finance industry”.
Ossowski continued: “This reform simply recognizes the prosperous and revolutionary potential of bitcoin And cryptographic assets, unlocking the potential for home ownership for millions of American savings, investors and technology enthusiasts. »»
He expects the order to establish guidelines for the rest of the industry, Brett arguing that private loan suppliers will follow the example of Freddie and Fannie and begin to authorize cryptocurrency assets in their loan assessments.
The delay is “probably” at around a year, because this is a first step in a long process, said Brett, which includes the lending giants who learn more about how to measure the risks in the asset class.
Austin Campbell, auxiliary professor at the Nyu Stern School of Business and founder of Zero Knowledge Consulting, told Sherwood: “If this is well done, it’s probably a good thing … The question will be the implementation. Like all volatile active ingredients, there should be haircuts. ”
He continued: “If I try to assess solvency according to the capacity and the desire to pay, an asset with 60% of prints needs a haircut – as in, if you appreciate money at 100% of the amount, you could value the BTC at 50% of the amount.”
Bitcoin, which is the largest crypto by market capitalization at more than 2 dollars, has experienced numerous substantial price decreases. For example, in 2021, cryptocurrency was negotiated near the $ 69,000 mark before falling below $ 17,000 in 2022.
Self-discussion crypto not included
The order also orders Fannie MAE and Freddie Mac “to consider only cryptocurrency assets which can be highlighted and stored on a centralized exchange regulated by the United States”.
Nick Neuman, CEO and co-founder of the Casa Auto-Coir Supplier, disputed this element. He told Sherwood that “It is an error because self-cire is fundamentally on property rights. And property rights are a fundamental American value ”.
“It is easy to think that only the assets held in exchange can be verified as belonging to the individual. But thanks to cryptography, it is trivial to verify that the assets held in self-detention belongs to a given individual,” said Neuman. “I hope that we can help FHFA and the director Pulte understand that people who hold their own keys are the future of asset security, and that the United States can continue to be forward by recognizing this right in its regulatory framework.”
