Senator Cynthia Lummis Introduces Bill to Include Bitcoin in Mortgage Eligibility
U.S. Senator Cynthia Lummis has unveiled the 21st Century Mortgage Act, a new legislative proposal that would require federal housing authorities to factor in digital assets—like Bitcoin—when evaluating mortgage applications.
The bill aims to formally adopt a directive from FHFA Director William Pulte, which called on federal housing giants Fannie Mae and Freddie Mac to consider cryptocurrencies in their loan eligibility criteria. A similar proposal is currently being reviewed in the U.S. House of Representatives, with industry watchers closely monitoring its progress.
If passed, the law would compel government-sponsored enterprises to take digital holdings into account for single-family mortgage approvals, marking a major shift toward integrating crypto into the broader financial system.
“We’re in a digital era, and it’s time our housing policies reflect that,” Senator Lummis said, emphasizing that government agencies must embrace innovation rather than resist it.
At the time of the announcement, Bitcoin was trading at $118,000, while the total crypto market cap stood at $3.85 trillion.
This bill represents a significant step toward bringing blockchain technology into the traditional housing market, and it could reshape how Americans use digital wealth for home ownership.
This story is still developing.
