Crypto in Your Mortgage? Senate Bill Could Change How Loans Are Approved

Senator Cynthia Lummis, known as the 'Crypto Queen' on Capitol Hill, has introduced the 21st Century Mortgage Act, a legislative push to modernize the U.S. mortgage system. The bill mandates government-sponsored enterprises like Fannie Mae and Freddie Mac to consider digital assets when evaluating single-family home loan applications.

'The American dream of homeownership is not a reality for many young people,' Lummis stated. The legislation explicitly recognizes crypto holdings as valid assets for mortgage underwriting, reflecting the growing prevalence of digital wealth among younger Americans. It prohibits forced conversion of crypto to fiat during the evaluation process.

The MOVE signals a broader institutional acknowledgment of cryptocurrency's role in personal finance. By requiring risk assessments to include blockchain-verified assets, the bill could fundamentally alter how traditional lenders view crypto wealth.