The Director of the U.S. Federal Housing Finance Agency (FHFA), Bill Pulte, has unveiled a groundbreaking initiative today with him announcing that the agency will be studying the role of cryptocurrency holdings in qualifying for mortgages.
While the plan has potential to reshape the landscape of housing finance, the initiative has sparked widespread interest and debate among experts, crypto enthusiasts, and policymakers.
Replying to Pulte’s X post, the CEO of Strategy (MicroStrategy), Michael Saylor has offered the company’s BTC Credit model to support this shift. This celebrated model amounts in loan duration, collateral coverage, volatility, and other aspects to calculate rating, risk and credit for Bitcoin.
Another user noted that the Digital Asset Market Clarity Act of 2025 (H.R. 3633) already mandates that crypto assets be treated as legitimate collateral under federal lending guidelines. However, it prohibits discrimination against digital commodities in mortgage underwriting.
“While innovation is critical, the real risk lies in D.C. bureaucrats layering redundant “risk assessments” that duplicate existing fraud safeguards,” noted the user, adding “the market’s adapting faster than regulators—let’s streamline, not suffocate progress with more studies.”
Through critics warn the Director of a potential housing bubble akin to the 2008 crisis, when Fannie Mae and Freddie Mac’s subprime loan exposure necessitated a government bailout. As no peer-reviewed data currently supports this fear with crypto-backed mortgages, the historical parallel fuels caution.
Also read: Fed Drops ‘Reputational Risk’ Checks, Is it Good for Crypto?
