The U.S. Federal Housing Finance Agency (FHFA), a key independent regulator for substantial segments of the American housing industry, is set to probe the potential of cryptocurrency assets in mortgage eligibility criteria. The agency oversees major entities such as Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.
“We will investigate the application of cryptocurrency assets in relation to mortgage qualifications,” declared FHFA Director Bill Pulte on a social media platform X on a recent Tuesday.
This move by the federal housing regulator to examine the integration of digital currencies into the mortgage approval process underscores an escalating acceptance of cryptocurrencies in mainstream society. This aligns with their growing incorporation into the wider financial industry.
However, the FHFA director did not elaborate on the breadth of the study, specific digital currencies to be evaluated, or the timeframe for the research. The Block has contacted the FHFA for additional details.
Pulte took over the directorship in March of this year, following his nomination by President Donald Trump in January. Pulte has publicly shown an interest in cryptocurrencies since 2019, when he disclosed the acquisition of 11 bitcoins.
As per Pulte’s financial declaration, made public in February, the FHFA director revealed investments in Bitcoin and Solana, each estimated at between $500,001 and $1 million. He also possessed shares of Bitcoin mining-centric firm, MARA Holdings.
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