The Trump administration is moving to consider cryptocurrency as an asset in home loan risk assessments, a change that would significantly broaden crypto’s role in the American traditional finance system.
The U.S. Federal Housing Finance Agency (FHFA) sent a directive to Fannie Mae and Freddie Mac on Wednesday asking both enterprises to prepare to adjust their policies to include cryptocurrencies as qualifying assets for a single-family mortgage loan, according to a statement from director of the FHFA William Pulte. Fannie Mae and Freddie Mac are government-sponsored enterprises that guarantee most residential mortgages in the U.S.
