26.06.2025 13:15
The Federal Housing Finance Agency (FHFA) has issued a groundbreaking directive, potentially revolutionizing the US mortgage market by allowing cryptocurrency to be considered as a reserve asset for single-family home loans. This historic decision, announced on June 25th, instructs Fannie Mae and Freddie Mac to incorporate cryptocurrencies into their risk assessments without the prior need for conversion to US dollars. The order, signed by FHFA Director William J. Pulte, marks a significant shift in how digital assets are viewed within the traditional financial system.
This policy change, described by Pulte as a landmark achievement for both the housing and cryptocurrency sectors, aligns with a pro-crypto stance previously advocated. Implementation will proceed as quickly as feasible, eliminating the previous practice of ignoring crypto holdings unless they were first liquidated. The new guidelines specifically permit cryptocurrencies held in US-regulated centralized exchanges to be included in reserve calculations for mortgage loan applications.
The FHFA’s move has elicited enthusiastic responses within the cryptocurrency community. Prominent figures, such as Michael Saylor, founder of MicroStrategy, have lauded the decision as a pivotal step towards broader acceptance of digital assets. This development follows JPMorgan Chase’s pioneering adoption of crypto ETFs as loan collateral, signifying a growing trend among major financial institutions.
The recent directive represents a counterpoint to previous anti-crypto regulatory measures and the de-banking of certain cryptocurrency-related businesses. As regulatory hurdles decrease, more banks may follow suit, embracing digital assets for various financial applications. Similar movements towards crypto adoption are concurrently gaining momentum in other countries, such as South Korea and the United Arab Emirates. The possibility of global adoption suggests that Saylor’s optimistic forecast of widespread crypto integration might well be realized.
