Michaela
Summary: What does the Senate bill mean for crypto and mortgages?
The bill would require Fannie Mae and Freddie Mac to factor in digital assets when assessing mortgage applications. This means crypto holdings could count toward securing a home loan. It’s a step toward integrating crypto into the traditional financial system.
Nicknamed the “Crypto Queen” on Capitol Hill, Senator Cynthia Lummis has introduced the 21st Century Mortgage Act, a Senate bill that aims to modernize the U.S. mortgage system by requiring government-sponsored enterprises to consider digital assets when evaluating single-family home loan applications.
According to an official statement, the Senate bill would require the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to consider crypto holdings when evaluating mortgage applications, effectively aligning federal housing policy with evolving asset ownership trends.
“The American dream of homeownership is not a reality for many young people,” Senator Lummis stated. “This legislation embraces an innovative path to wealth-building keeping in mind the growing number of young Americans who possess digital assets,” she added.
Related: Hong Kong Proposes Rules Allowing Insurers to Invest in Crypto
Senator Lummis emphasized that, given the realities of the digital era, it is imperative for government agencies to adapt accordingly in order to serve a “modern, forward-thinking generation.”
Furthermore, the proposed legislation would require Fannie Mae and Freddie Mac to account for digital assets recorded on a cryptographically secured distributed ledger when evaluating mortgage risk for single-family home loans. The bill also prohibits any mandate to convert these assets into U.S. dollars, recognizing and preserving the integrity of digital wealth.
Senate Bill Could Boost Crypto Integration for SHIB Holders
For SHIB holders, this legislative move marks a meaningful advancement toward wider mainstream acceptance of their digital assets. By formally recognizing cryptocurrencies such as SHIB within established financial systems, the proposed Senate bill helps reduce the friction that currently restricts the use of tokens in traditional financial portfolios or as collateral for loans.
Related: US Lawmakers Propose Tax Breaks for Small Stablecoin Payments and Staking
This increased acceptance could pave the way for SHIB and similar tokens to be more easily integrated into mortgage, lending, and borrowing platforms. As a result, SHIB holders might find new opportunities to unlock liquidity, use their tokens to secure loans, or diversify their investment strategies within both decentralized finance and conventional markets.
This development also reflects a broader trend of regulatory openness toward crypto assets, which may encourage further innovation and adoption. Over time, such integration could significantly boost SHIB’s utility and value proposition, making it a more practical and accessible asset for everyday financial activities.
Read More
- Senator Lummis Calls for Crypto Tax Reform to Address Unfair Tax Rules
- Bitcoin Reserve Push: Sen. Lummis Calls for National Strategy and Tax Reforms at BTC 2025
- Sen. Cynthia Lummis Revives BITCOIN Act to Build US Crypto Reserve
MICHAELA
Michaela is a news writer focused on cryptocurrency and blockchain topics. She prioritizes rigorous research and accuracy to uncover interesting angles and ensure engaging reporting. A lifelong book lover, she applies her passion for reading to deeply explore the constantly evolving crypto world.
