Now, the Federal Housing Finance Agency is going to let borrowers use Bitcoin, ETH, ADA, and XRP in federal mortgage applications.
The Federal Housing Finance Agency (FHFA) has instructed mortgage giants Fannie Mae and Freddie Mac, both under U.S. government conservatorship since the 2008 financial crisis, to recognize crypto holdings in mortgage applications.
These two entities back more than half of the nation’s home loans, and for the first time ever, buyers can use digital assets like Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and Ripple (XRP) to qualify for a mortgage, without needing to convert them into U.S. dollars first.
In the recent report, the FHFA stated that
cryptocurrency is recognized as an emerging asset class with the potential for wealth building outside traditional stock and bond markets.
Previously, cryptocurrency couldn’t be counted in mortgage risk assessments unless converted to cash. This update changes that, allowing digital asset portfolios to act as legitimate proof of financial stability, on par with stocks, bonds, and fiat savings.
While only about 1% of borrowers used crypto in mortgage contracts during 2023-2024, this could pave the way for broader adoption. Fannie Mae and Freddie Mac have been tasked with building out the infrastructure for this rollout. Though the timeline is tight, the implications are great: crypto is being normalized in one of the most traditional sectors of American finance, homeownership.
FHFA Director William Pulte connected the move to President Trump’s broader crypto agenda. In March, Trump signed an executive order to create a Strategic Bitcoin Reserve using confiscated bitcoins and set the stage for expanding that reserve to include tokens like ETH, ADA, and XRP. According to Pulte, recognizing crypto in the federal mortgage system supports Trump’s push to make the U.S. the “crypto capital of the world.”
Trump’s administration has taken concrete steps to support crypto. This includes the appointment of Paul Atkins, a pro-crypto advocate, to lead the SEC. They also established a Presidential Working Group on Digital Asset Markets to explore digital asset reserves and other crypto policies.
Crypto is showing up in both official government budgets and the personal portfolios of top U.S. leaders. Several key figures in the Trump administration, including Vice President JD Vance and Health Secretary Robert F. Kennedy Jr., have openly disclosed significant Bitcoin holdings. This aligns with a trend highlighted in recent data from Bybit, showing Bitcoin’s dominance rising once again, now making up roughly a third of all crypto portfolios.
Institutional investors appear especially bullish, allocating around 40% of their crypto holdings to BTC, while retail investors sit closer to 12%. According to Crypto News Flash, Bitcoin currently commands between 31-33% of all crypto portfolios in 2025, driven by growing adoption among big-money players.
Over the past week, BTC has climbed 3.14%, with a further 1.28% bump in the last 24 hours alone, bringing its trading price to $108,059. This has pushed its market cap to $2.14 trillion, with daily trading volume surging 11.25% to $52.07 billion.
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