$FEDERAL NATIONAL MORTGAGE ASSOC (FNMA.US)$ On the 29th, Cynthia Lummis, the proposer of the Bitcoin Strategic Reserve Bill and Chair of the Senate Banking Digital Assets Subcommittee, introduced the 21st Century Mortgage Act. The bill requires Fannie Mae and Freddie Mac to consider digital assets recorded on distributed ledgers when evaluating eligibility for single-family Residence mortgages, and it prohibits the mandatory conversion of these digital assets into US dollars. The bill aims to increase the younger generation's access to housing loans by recognizing digital assets as wealth Indicators.
On June 26, FHFA Director Pulte posted on Social Media, stating: 'After research and following President Trump's vision to make the United States a cryptocurrency capital, I have ordered Fannie Mae and Freddie Mac to prepare their Business for accepting cryptocurrency as a form of mortgage application collateral.'