U.S. Housing Agency Orders Crypto as Mortgage Collateral

FHFA has issued a directive to use cryptocurrencies, like Bitcoin, as collateral for mortgages. This initiative, announced by Bill Pulte on June 23, 2025, marks a notable shift in federal housing policy.

This shift in policy may redefine mortgage collateral standards by incorporating cryptocurrency. It could lead to increased engagement with digital assets as accepted financial tools.

The Federal Housing Finance Agency has set a new precedent with Bitcoin potentially becoming eligible for mortgage collateral. Led by Bill Pulte, the agency aims to align with evolving financial technologies. Fannie Mae and Freddie Mac have been directed to incorporate cryptocurrency asset classes in purchase considerations, potentially revisiting national underwriting standards. This development could influence institutional involvement and retail adoption in the real estate market. The policy promises broader financial inclusion and diversified asset utility.

“We will study the usage of cryptocurrency holdings as it relates to qualifying for mortgages.” – Bill Pulte, Head, FHFA, announced. source

The new mandate may impact the broader housing market by integrating digital assets with traditional finance. It could stimulate the use of centralized exchanges for regulated custody services. Regulatory adjustments may mandate crypto holdings through U.S.-regulated platforms, aligning with compliance requirements. The order underscores the potential for increased Bitcoin and Ethereum utility, especially with prior restrictions on crypto-backed loans lifted. This situation could encourage further advancement in the cryptocurrency financial landscape. Improved participation could result in notable financial and regulatory evolution.