Lummis Drops Crypto Bombshell: New Bill Paves Way for Digital Assets to Back U.S. Mortgages

Washington just got a lot more bullish on blockchain—whether Wall Street's ready or not.

Senator Cynthia Lummis (R-WY) just introduced legislation that could turn your Bitcoin stash into home equity. The proposed bill would force regulators to establish clear rules for using crypto as loan collateral—finally giving digital assets a seat at the mortgage table.

From Meme Coins to Mortgage Notes

The move targets the trillion-dollar housing market, where lenders currently treat crypto like a radioactive asset. Under the new framework, that Dogecoin position might actually help you qualify for that beach house.

The Fine Print (Because There's Always Fine Print)

Expect banks to demand 200% collateral ratios and hourly margin calls—after all, they can't resist turning decentralization into another fee-generating product. The legislation mandates risk assessment protocols so strict they'd make a Swiss banker blush.

As one lobbyist quipped: 'Finally, a way to lose your house AND your crypto in one convenient transaction.'