US home mortgage regulator to recognize crypto assets in risk assessments
The decision was announced Wednesday by FHFA director William J. Pulte, who said the directive aligns with US President Donald Trump’s crypto agenda.
US home mortgage purchasers Fannie Mae and Freddie Mac will count cryptocurrencies as assets in their risk assessments for single-family home loans, marking a significant step toward the mainstream acceptance of digital assets under US President Donald Trump’s administration.
The directive was issued Wednesday by William J. Pulte, director of the Federal Housing Finance Agency (FHFA), which regulates both government-sponsored enterprises (GSEs).
The decision means cryptocurrencies will be considered a reserve asset for home-loan borrowers without having to convert those assets into US dollars, as was previously the case. The FHFA has overseen Fannie Mae and Freddie Mac since 2008, when both institutions were placed under government conservatorship in the aftermath of the financial crisis.