A new bill proposed in the U.S. Congress aims to change mortgage assessments by including Bitcoin and other regulated cryptocurrencies.
Congressional Initiative
The initiative, led by a group of lawmakers, suggests that Fannie Mae and Freddie Mac would be required to include regulated crypto assets in mortgage risk models. This demonstrates the growing integration of digital assets into traditional financial structures.
Bill Support
The H.R. 4374 bill has received backing from key figures like Speaker Mike Johnson and Majority Leader Steve Scalise, highlighting the significance of the issue at high-profile political levels.
Potential Market Implications
Should the bill pass, it could increase opportunities for crypto holders seeking home financing. Enhanced creditworthiness recognition of Bitcoin may signal new regulatory trends and technological innovations in financial ecosystems.
The success of the bill will depend on committee approvals and political negotiations, potentially setting a historical precedent for crypto integration in federally backed mortgage programs.
