Senator Lummis Proposes Crypto Inclusion in U.S. Mortgages

Key Points:

  • The proposed bill requires agencies to consider cryptocurrency holdings in home loan assessments.
  • Focuses on Bitcoin and stablecoins held for two years.
  • No conversion to U.S. dollars is needed under the bill.

Senator Cynthia Lummis has proposed the “21st Century Mortgage Act” on July 29, 2025, pushing for U.S. mortgage agencies to include crypto assets in home loan eligibility, focusing on Bitcoin and stablecoins.

Senator Lummis’s proposal reflects the growing significance of digital assets in financial planning and seeks to modernize mortgage assessments by recognizing cryptocurrency holdings.

The 21st Century Mortgage Act

Introduced by Senator Cynthia Lummis, compels U.S. mortgage agencies to acknowledge digital assets as eligible holdings for home loans. Cryptocurrency, such as Bitcoin, must be held for a minimum of two years to qualify.

Senator Lummis

A known advocate for crypto legislation, spearheads this initiative, proposing the inclusion of Bitcoin and stablecoins within the evaluation process. This proposal, highlighted by Lummis in her support for linking crypto assets with U.S. mortgages, excludes forced conversion of cryptocurrency to U.S. dollars.

The bill, affecting agencies like Fannie Mae and Freddie Mac, has potential implications on home loan protocols, potentially enhancing accessibility for crypto holders. While mortgage processes may adapt, industry reactions remain cautiously optimistic.

“This bill will open doors for countless American families who have embraced new technologies,” said Cynthia Lummis, U.S. Senator (R-WY).

Direct financial implications include broadening asset recognition without additional funding for crypto projects. Politically, this marks a shift towards incorporating digital finance, with opposition expected from certain sectors of Congress.

This initiative might pave the way for broader financial inclusion by recognizing cryptocurrency as a substantial asset. Historical trends indicate a substantial impact on housing finance, encouraging tech-centric financial services to evolve further, as indicated by current regulatory trends.

Disclaimer:

The content on nftenex.com is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

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