FHFA Director William J. Pulte recently issued an order directing Fannie Mae and Freddie Mac to consider crypto currency as an asset for single-family loans. According to Pulte’s directive, cryptocurrency is an emerging asset class that may offer an opportunity to build wealth outside of the stock & bond markets. In addition, prior to implementing any changes, each enterprise must submit their plans to the FHFA (after their respective boards approval) for review.
William J. Pulte
“After significant studying, and in keeping with President Trump’s vision to make the United States the crypto capital of the world, today I ordered the Great Fannie Mae and Freddie Mac to prepare their businesses to count cryptocurrency as an asset for a mortgage.” Said FHFA Director William J. Pulte on X.
