Ripple’s Chief Legal Officer, Stuart Alderoty, has welcomed a major policy move that could open the doors to homeownership for millions of crypto users. The U.S. Federal Housing Finance Agency (FHHA) has issued a new directive that allows Americans to use cryptocurrencies like Bitcoin to qualify for a mortgage, without converting their crypto into dollars.
This step could bring digital assets into the heart of the $20 trillion U.S. mortgage market, signaling a big moment for crypto’s role in everyday finance.
Under Director Bill Pulte, the FHFA has instructed mortgage titans Fannie Mae and Freddie Mac to integrate cryptocurrency payments into mortgage eligibility assessments.
This directive positions Bitcoin as a credible form of collateral in mainstream finance, a sentiment echoed by MicroStrategy cofounder Michael Saylor, who called it a “defining moment” for institutional adoption. “Future generations will remember this as the moment Bitcoin entered the American dream,” Saylor declared in a recent X post.
Analyst Eric Coleman stated that this action might allow younger Americans, who are frequently excluded from the housing market will now secure their first mortgages through crypto assets.
Analyst Eric Coleman said the change could help younger Americans, especially those struggling to break into the housing market, use their crypto holdings to qualify for home loans.
Treating Bitcoin as a reserve asset within the U.S. housing system may finally give digital-native investors a path toward owning property, something that’s long been out of reach for many.
Despite the excitement, some experts are urging caution. Crypto remains a volatile asset class, and critics warn this move could carry risks similar to the 2008 subprime mortgage crisis.
Others in the Bitcoin community have raised concerns around self-custody. To qualify for a mortgage, crypto assets may need to be held on centralized platforms like Coinbase. This raises questions about privacy, ownership, and the trade-offs between regulation and decentralization.
As Ripple and other blockchain companies push for more crypto-friendly regulations, the FHFA directive marks a clear step forward. It blends traditional housing finance with digital innovation in a way that would have been unthinkable a few years ago.
Is this the moment crypto truly goes mainstream? The markets, and millions of investors, will be watching closely.
This directive marks crypto’s entry into the $20 trillion U.S. mortgage market, positioning digital assets as credible collateral and potentially opening homeownership for millions of crypto holders.
Analyst Eric Coleman suggests this change could empower younger Americans with crypto holdings to secure their first mortgages, providing a new path to property ownership for digital-native investors.
Yes, experts warn about crypto’s volatility, potential risks similar to the 2008 crisis, and concerns about self-custody since crypto assets for mortgages may need to be held on centralized platforms.
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