HISTORIC STEP TOWARDS HOMEOWNERSHIP WITH CRYPTO
Federal Housing Finance Agency (FHFA) Chairman William Pulte, in an order given to Fannie Mae and Freddie Mac on June 25, 2025, requested that work be done to consider crypto assets as "collateral" for first mortgages. This decision anticipates that assets such as Bitcoin and Solana in crypto wallets — when held in U.S. regulated exchanges — can be taken into account in mortgage risk analyses without being converted to dollars.
Previously, these GSEs only recognized crypto as sold and converted to USD. This new step, dependent on the current administration, aims to evaluate the borrower's financial profile more holistically and potentially expand the possibility of obtaining a home loan.
The obligation states that only crypto stored in U.S.-based, regulated exchanges will be assessed; additionally, risk reduction based on crypto volatility is desired. This aligns with the Trump administration's vision of making "America a crypto hub."
This decision holds transformative significance for the mortgage and financial system: the assets of crypto investors could be accepted as a reserve for home loans in the future. According to the FDA, Fannie Mae and Freddie Mac should implement this regulation "as quickly as possible."
CONCLUSION: FHFA's innovation may facilitate access to credit for homebuyers who own crypto assets and bridge the gap between traditional finance and digital assets.
