Key Highlights:
- FHFA orders mortgage giants Fannie Mae and Freddie Mac to prepare to accept crypto as a mortgage asset.
- Part of Trump Administration’s vision to position the U.S. as a crypto leader.
- Critics object to self-custody restrictions.
Crypto Meets the U.S. Mortgage System
In a landmark move, the U.S. Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac to integrate cryptocurrency as a valid mortgage-related asset. FHFA Director William Pulte said the move aligns with President Trump’s vision to make the U.S. a crypto hub. Fannie and Freddie, which purchase and guarantee mortgage-backed securities, will now evaluate how crypto can be treated similarly to traditional borrower assets.Mixed Reactions Over Custody Rules
While some hailed the move as a milestone for institutional adoption of Bitcoin, others raised concerns about the directive’s restriction that only assets stored on U.S.-regulated centralized exchanges would be eligible. No specific cryptocurrencies were named, and the implementation details remain under review. Meanwhile, meme coin Housecoin jumped 20% following the announcement.
Read the full article on
decrypt.
