Pulte eyeing Fannie Mae, Freddie Mac mortgage crypto use

Housing regulator Bill Pulte has instructed the two government-sponsored enterprises he oversees, Fannie Mae and Freddie Mac, to move toward recognizing crypto holdings without requiring conversion when assessing borrowers’ ability to repay, a move that could help bring digital currency further into the mainstream.

He formally authorized this Wednesday and directed the GSEs to plan for a change following a social media post hinting at it earlier, adding to a broader backing of crypto the Trump administration has been engaged in since day one. 

Pulte, who has disclosed personal investments in Bitcoin and Solana, directed each of the GSEs “to prepare a proposal for consideration of cryptocurrency as an asset for reserves in their respective single-family risk assessments without…