- Lummis introduces bill recognizing crypto assets in mortgage calculations.
- Federal support for including Bitcoin, Ether; impacts young buyers.
- Potential shift in housing market with crypto assets as collateral.
Senator Cynthia Lummis introduced the 21st Century Mortgage Act on July 30, 2025, proposing crypto assets count toward mortgage eligibility to benefit crypto-native homebuyers in the U.S.
The bill could redefine mortgage eligibility, enhancing opportunities for young digital asset holders, and impact housing markets if adopted by lenders. Initial market reactions remain cautious.
Senator Cynthia Lummis introduced the 21st Century Mortgage Act on July 30, 2025, aiming to recognize select crypto assets in mortgage eligibility. The bill targets younger, crypto-native homebuyers by aligning with a Federal Housing Finance Agency directive.
The legislation involves Senator Cynthia Lummis and the Federal Housing Finance Agency (FHFA). It will require Fannie Mae and Freddie Mac to consider digital assets like Bitcoin during mortgage risk assessments, marking a shift in acknowledging digital wealth.
The proposed law would allow digital assets held for over two years to be included in mortgage eligibility, potentially reducing financial pressure on crypto holders. This could be significant for young Americans benefiting from a broader asset inclusion.
This initiative means a regulatory shift that could impact lenders, young buyers with digital assets, and the housing market. Market stakeholders must consider the legislative implications and prepare for new asset integration into financial assessments.
If the law passes, it will provide legal clarity to lenders and formalize crypto asset consideration. The housing market might experience changes if crypto becomes a recognized collateral, increasing young American access to homeownership.
The bill draws on previous FHFA directives advocating for digital asset inclusion. Long-term impacts could involve shifts in financial custody norms and potentially less market volatility for crypto-backed loans, influencing the housing sector dynamics. Senator Cynthia Lummis, U.S. Senator, noted, “The American dream of homeownership is not a reality for many young people. This legislation embraces an innovative path to wealth-building, keeping in mind the growing number of young Americans who possess digital assets.”
