The Federal Housing Finance Agency of the United States plans to include cryptocurrency as a mortgage asset

ChainCatcher news, according to Decrypt, the Federal Housing Finance Agency (FHFA) has instructed Fannie Mae and Freddie Mac to begin preparing to accept cryptocurrency as a form of payment related to mortgages. FHFA Director William Pulte stated that this move aligns with the broader vision of the Trump administration to make the U.S. a global cryptocurrency hub.

The FHFA found that allowing Fannie Mae and Freddie Mac to consider more types of borrower assets, such as cryptocurrencies, could help them better assess loan risks and expand homeownership for eligible borrowers. Fannie Mae and Freddie Mac now need to determine how cryptocurrencies will be viewed as eligible assets.

Pulte did not specify which cryptocurrencies would be accepted. In response, the market reacted mixed, with some praising the move as a victory for the industry, while others criticized the requirement that crypto assets must be held in centralized exchanges.