Order Fannie & Freddie to Prepare Crypto Rules for Mortgages

WASHINGTON – In a historic step that could revolutionize the American housing market, federal regulators have officially directed two mortgage giants, Fannie Mae and Freddie Mac, to begin preparing a system that allows the use of bitcoin and crypto assets in mortgage applications.

The order came directly from the Director of the Federal Housing Finance Agency (FHFA), William Pulte, on Wednesday. He instructed Fannie Mae and Freddie Mac to draft proposals on how to incorporate the ownership of crypto assets into borrower risk assessments. This is a drastic change from previous policies that required all digital assets to be converted into U.S. dollars first.

"In line with President Trump’s vision to make the United States the world's crypto capital, today I am directing Fannie Mae and Freddie Mac to prepare their business to count cryptocurrency as an asset for mortgages," Pulte stated in his remarks.

One of the key requirements in the order is that the crypto assets to be assessed must be stored in regulated centralized exchanges in the United States.

Although this is only the initial step in a long process, the order from this top regulator is a very strong green light for the entire banking industry. It dramatically enhances the legitimacy of digital assets and paves the way for millions of crypto owners in the U.S. to someday use their assets to purchase homes.#FannieMae $BTC