This announcement comes at a stage where Bitcoin (BTC) and other cryptoactives are increasingly accepted as legitimate assets. Both investors and companies began to recognize their value within the financial system.
William J. Abute, director of The Federal Housing Financing Agency (FHFA, for its acronym in English) of the United States, announced that the agency is considering evaluating holdings In cryptocurrencies as part of the process to qualify the applicants for mortgage loans.
“The use of cryptocurrency assets will be analyzed in relation to eligibility for mortgages,” the official wrote in a brief but significant statement. This approach reflects that the FHFA in charge of supervising financing giants such as Fannie Mae and Freddie Mac is exploring how digital assets could influence the criteria for obtaining a mortgage loan.
This announcement comes In a context where Bitcoin (BTC) and other cryptocurrencies have gained legitimacy as an asset class, both among institutional investors and between companies. In recent years, various corporations have integrated BTC to their financial strategies. For example, companies such as Microstrategy have accumulated billions of dollars in Bitcoin as part of their reserves, seeing it as a shelter against inflation.
Bitcoins
Gentileness: Pexels
Cryptoactives are beginning to have a tangible impact on the economic life of many homes in the United States. According to a report by the Financial Research Office of the Department of Treasury, a growing number of low -income families has used the profits obtained from investments in cryptocurrencies to access mortgage loans. Between 2020 and 2024, in regions with high adoption of these technologies, the number of consumers with mortgages increased more than 250%.
Cryptactive yields
Despite the growth in debt levels, the report emphasizes that Money rates have decreased Even in these areas, which suggests that many families are taking advantage of their yields in cryptoactive to fulfill their financial obligations. This phenomenon reinforces the perception of cryptocurrencies as valid tools within the formal economic system.
In addition, in March of this year, the Office of the Comptroller of the Currency (Occ) issued a statement in which it extends and reaffirms the authority of national banks and federal savings associations to participate in activities related to cryptoactive. The West eliminated the “supervisory non -objection” requirement, which previously required prior approval so that institutions could offer cryptocurrency custody, operate with Stablecoins or use distributed accounting networks.
In short, the adoption of digital assets continues to progress both at the institutional and daily life of US citizens. This growth has motivated the authorities to seriously consider their integration into key financial processes, such as mortgage approval.
Source: Ambito
