U.S. government agencies consider incorporating Bitcoin into mortgage assessment system

Recently, the Director of the Federal Housing Finance Agency ( FHFA ) stated that an investigation has been requested to incorporate cryptocurrencies such as Bitcoin into the mortgage assessment system. This news has attracted market attention, and the price of Bitcoin subsequently increased by 2.2%, reaching $107,000, with the market share rising to 66%.

It is worth noting that the current FHFA director is a descendant of the founders of a major U.S. home construction company and took office in March 2025. He has publicly supported cryptocurrency since 2019 and used his social media influence to promote the adoption of digital assets. According to financial disclosures, he personally holds a considerable amount of Bitcoin and Solana, as well as equity in U.S. Bitcoin mining companies.

Fannie Mae and Freddie Mac are government-sponsored enterprises in the United States that play a key role in the secondary mortgage market. They ensure market liquidity by continually purchasing loans. As of 2025, these two institutions support about 70% of the mortgage market. The FHFA was established after the collapse of the U.S. housing market in 2008 to strengthen regulation and maintain the safety and liquidity of the mortgage finance system.

Currently, borrowers who wish to use digital assets in mortgage loans must first convert them into USD and deposit them into a regulated U.S. bank account for at least 60 days. The FHFA's review may examine whether these regulations need to be updated, including asset valuation methods, holding history requirements, and more.

Private markets have begun to experiment with crypto mortgage products. A lender in Florida launched a loan product in 2022 that allows borrowers to pledge digital assets as collateral, having issued over $65 million in crypto-backed mortgages by early 2025. Other fintech companies are also exploring similar products.

However, these private products operate outside the federal mortgage system and cannot享受 the same liquidity and risk-sharing advantages as traditional loans. As a result, interest rates are often higher, and lenders typically retain the loans themselves or work with alternative investors for financing.

If the FHFA decides to advance this policy, it will mark the transition of cryptocurrency from an investment asset to a practical financial tool. Although the specific implementation will take time, it has already sent a strong signal to the market: the mainstream financial system is opening its doors to crypto assets.