In a move that should send a chill down the spine of anyone who remembers 2008, the man now in charge of regulating a huge chunk of the U.S. housing market wants to see if your crypto holdings—like Bitcoin or Solana—should count when Americans apply for a mortgage. That’s right: your dog-themed coin stash might one day help you buy a house.
Bill Pulte, the new director of the Federal Housing Finance Agency (FHFA), announced the plan on X, the platform formerly known as Twitter. “We will study the usage of cryptocurrency holdings as it relates to qualifying for mortgages,” Pulte posted on June 23.
We will study the usage pf cryptocurrency holdings as it relates to qualifying for mortgages.
— Pulte (@pulte) June 24, 2025
The FHFA is going to explore whether your Dogecoin stash should count as legitimate wealth when you apply for a mortgage. The agency is the federal regulator that oversees housing giants Fannie Mae, Freddie Mac, and the 11 Federal Home Loan Banks. These entities help support the bulk of U.S. home loans, so any shift in their policies affects millions of Americans.
This is a radical departure from the current rules. Right now, both Fannie Mae and Freddie Mac require that cryptocurrency “may only be used as funds for closing and reserves if it has been exchanged into U.S. dollars and is held in a U.S. or state regulated financial institution.” In other words, you have to turn it into real money first. Pulte is suggesting the agency might one day let you keep it as volatile internet tokens.
Crypto evangelists were, predictably, ecstatic.
Billionaire Bitcoin bull Michael Saylor immediately jumped into Pulte’s replies. “We have developed a BTC Credit model that we are happy to share,” Saylor commented, adding that his model accounts for “BTC volatility.”
We have developed a BTC Credit model that we are happy to share. It takes into account Loan Duration, Collateral Coverage, BTC Price, BTC Volatility, and BTC ARR outlook to generate statistical BTC Risk and BTC Credit spreads. Try it now on our website:https://t.co/uTlyGWdoMu
— Michael Saylor (@saylor) June 24, 2025
But who is Bill Pulte? His appointment and this new initiative are a perfect case study in the crypto industry’s relentless push into Washington. According to his own disclosure filings, Pulte isn’t just a regulator; he’s a crypto investor. He personally holds between $500,000 and $1 million in Bitcoin, another half-million to a million in Solana, and has a stake in the crypto mining firm Mara Holdings. He’s also a shareholder in GameStop, one of the original meme stocks.
This isn’t his first foray into crypto publicity, either. Pulte is known in the crypto community for a 2019 stunt where he promised to give away Bitcoin on Twitter. “Leave comment why you need Bitcoin and I’ll pick one person to send some satoshis to,” he posted, assuring his followers, “Yes, this is real.” “Satoshis” are the smallest unit of Bitcoin, kind of like pennies to the dollar.
Pulte, the grandson of the founder of one of the nation’s largest homebuilders, is also politically connected. Last year, he donated thousands to Donald Trump’s campaign, the Save America PAC, and the Republican National Committee, according to OpenSecrets. His appointment and this pro-crypto announcement are being seen as a direct extension of the Trump administration’s friendly stance toward the industry.
So what’s next? For now, the FHFA says it’s only studying the idea of factoring crypto into mortgage qualification. But even opening that door signals a big shift in how federal agencies view crypto, not just as speculation, but as potential financial infrastructure.
Crypto is notoriously volatile, prone to scams, and rarely stable enough for long-term planning. Letting it into the housing market could bring chaos, or innovation, depending on your faith in blockchain.
Either way, if you’ve ever dreamed of holding onto your cryptocurrency long enough to buy a house with it, that future might be closer than you think.
