The bill directs the government‑sponsored enterprises to recognize assets recorded on cryptographically secured ledgers and bars lenders from forcing borrowers to convert those holdings to dollars simply to be counted in risk models.
She stated:
“Rather than punishing innovation, government agencies must evolve to meet the needs of a modern, forward‑thinking generation.”
Furthermore, the Senator noted Census data showing homeownership under age 35 at 36.6% in the first quarter and survey estimates that 21% of US adults hold cryptocurrency, with two‑thirds of owners under 45.
The legislation would codify a policy shift already underway at the Federal Housing Finance Agency (FHFA).
The FHFA oversees the housing finance system, including Fannie Mae, Freddie Mac, and the Federal Home Loan Banks, and its moves mark a break from past practice in which underwriters typically accepted cash, securities, and retirement accounts but excluded crypto because of volatility and unclear rules.
Recognition would not permit borrowers to repay mortgages in crypto, although it would allow verified digital asset balances to be counted alongside traditional assets in capacity and risk tests.
The bill comes amid a wider shift among regulators toward crypto policy under the current US administration.
