In brief
- The FHFA has instructed Fannie Mae and Freddie Mac to begin preparing to accept cryptocurrency as mortgage assets.
- Director William Pulte framed the move as aligning with a broader vision of the Trump Administration.
- The order sparked mixed reactions, with praise for innovation and criticism over restrictions on self-custody.
The U.S. housing market is bracing for a potential shakeup by the crypto industry.
On Wednesday, the Federal Housing Finance Agency ordered Fannie Mae and Freddie Mac to begin preparing to accept crypto as a form of mortgage-related payment.
The directive, announced on X by FHFA Director William Pulte, marks the first major move to incorporate digital assets into the federal mortgage system.
Fannie Mae and…
