Several Democratic senators in the United States oppose the inclusion of cryptocurrency that has not been converted into US dollars in residential mortgage assets

According to a report by Golden Finance, the Federal Housing Finance Agency (FHFA) in the United States recently issued instructions to explore how to include cryptocurrency in the risk assessment of single family residential mortgage loans. Senator Lummis has also proposed a new bill requiring cryptocurrency to be included in mortgage loan assets. Several Democratic senators, including Warren and Van Hollen, have expressed opposition to this, stating that under current policies, neither corporate lending institutions nor any other federal government supported, guaranteed, or secured mortgage loan channels allow mortgage lending institutions to consider cryptocurrency when determining whether they have the ability to repay mortgage loans, unless the cryptocurrency has been converted into US dollars and accompanied by corresponding documents. Including unredeemed cryptocurrency assets may pose a risk to the stability of the real estate market and financial system.