Senator Cynthia Lummis has introduced legislation aimed at allowing the inclusion of cryptocurrency in mortgage risk assessments, potentially reshaping the mortgage landscape.
21st Century Bill
On February 17, 2026, Senator Cynthia Lummis introduced the 21st Century Mortgage Act in Washington, D.C., which directs Fannie Mae and Freddie Mac to include cryptocurrency holdings in mortgage risk assessments without conversion to U.S. dollars.
Impact on the Housing Market
The proposed bill could significantly influence the housing market by allowing cryptocurrency assets to be considered in borrower evaluations. Lummis sees this as a step towards modernizing financial assessments.
Skepticism and Financial Implications
The bill faces skepticism from Senate Democrats, who express concerns regarding crypto volatility. They argue that this move could increase borrower risk, highlighting the need for a balanced evaluation.
Senator Lummis's proposal could set a precedent for the integration of cryptocurrencies into traditional financial systems, though its future and potential changes depend on ongoing discussions.
