This reflects a groundbreaking directive from William J. Pulte, director of the Federal Housing Finance Agency since 2025, ordering Fannie Mae and Freddie Mac to assess cryptocurrencies like Bitcoin as mortgage assets, aligning with President Trump’s 2025 vision to make the U.S. the crypto capital, as detailed in an AP News report from June 25, 2025.
This move challenges traditional financial norms, supported by a 2023 study from the National Bureau of Economic Research showing crypto ownership grew from 1% to 14% of U.S. households by 2022, suggesting a shift in asset valuation that could unlock homeownership for crypto-rich individuals.
Despite enthusiasm, the policy remains in early stages, with risks highlighted by a 2024 MIT Sloan paper noting crypto’s volatility (e.g., Bitcoin’s 30% price swings in 2023), requiring regulated exchanges to mitigate potential mortgage defaults.
