Fannie and Freddie Will Consider Crypto in Mortgage Applications, Says FHFA Director — RISMedia

Federal Housing Finance Agency (FHFA) Director Bill Pulte announced on X (formerly Twitter) this afternoon that the GSEs—mortgage giants Fannie Mae and Freddie Mac—will soon begin considering cryptocurrency as an asset for single-family loans.

Posting a screenshot of his official directive, Pulte wrote that “after significant studying,” the choice was made “to count cryptocurrency as an asset for a mortgage.”

“Will be one of the best things I do in office,” Pulte wrote in a follow-up post.

Cryptocurrency, digital assets that are usually traded through decentralized networks, are usually not backed by governments or banks. Proponents of the technology tout its decentralized nature and potential to create efficiencies in transactions,…