The head of the US Federal Housing Finance Agency (FHFA), William Pulte, has tasked mortgage giants Fannie Mae and Freddie Mac with exploring the potential use of cryptocurrencies.
The companies will prepare a proposal for accounting digital assets when assessing risks for individual mortgage loans.
“I ordered Fannie Mae and Freddie Mac to prepare their business to count cryptocurrency as a mortgage asset. This aligns with President [Donald] Trump’s vision to make the US the crypto capital of the world,” Pulte stated.
This decision continues the Trump administration’s policy of supporting the industry. Previously, the president promised to make the US the “crypto capital,” initiated the creation of a strategic bitcoin reserve, and appointed industry-friendly regulators to key agencies.
Fannie Mae and Freddie Mac were created by the US Congress. Their mission is to ensure liquidity and stability in the mortgage market by purchasing loans from lenders.
According to a financial disclosure, Pulte owns bitcoin and Solana valued between $500,001 and $1 million in each asset. He is also a shareholder in the mining company MARA.
Earlier, on June 16, OpenAI secured a $200 million contract from the Pentagon. The company will provide AI-based tools to the department.
