A new U.S. housing crypto policy could reshape the treatment of digital assets in the American housing finance system.
The policy, issued by FHFA, directs government-sponsored enterprises to consider crypto assets in risk evaluations for single-family mortgages without converting them to U.S. dollars.
The move aligns with efforts to make the U.S. a crypto capital, aiming to allow borrowers to utilize cryptocurrency holdings for mortgage eligibility, potentially broadening access to homeownership.
Cathie Wood views the development as potentially significant for both crypto and housing sectors, with long-term implications yet to be fully comprehended. The decision could provide lenders with a more comprehensive view of borrowers' financial profiles and enhance credit access for those with non-traditional wealth.