🇺🇸 The U.S. Considers Recognizing Bitcoin as a Reserve Asset for Mortgage Lending
A significant turning point is being nurtured in the U.S. financial industry as Bitcoin ($BTC ) could soon be recognized as a valid reserve asset in home purchase mortgage applications.
The information was revealed by William J. Pulte – Director of the Federal Housing Finance Agency (FHFA), who stated that the two leading housing finance organizations, Fannie Mae and Freddie Mac, have been asked to prepare for the integration of digital assets into the lending approval process.
🔊 CZ (Changpeng Zhao), former CEO of Binance, shared on X:
“It’s great that BTC is being counted as collateral! The future American dream will be to own 0.1 BTC – worth more than a house.”
🔍 How will digital assets be recognized?
Borrowers will be able to count Bitcoin as a reserve asset, as long as:
BTC is stored on a licensed centralized exchange in the U.S.
The holding information can be verified
Risk discount levels similar to stocks/ETFs are applied
💬 The FHFA's goals:
Make credit assessment criteria more flexible
Increase access to housing, especially for younger generations holding crypto
Transform the U.S. into the “global crypto capital”
However, there are still debates surrounding the high volatility and incomplete legal framework of digital assets. Nevertheless, experts hope that if implemented cautiously, this will be a significant stepping stone to legitimizing Bitcoin within the U.S. financial system.