Senator Cynthia Lummis (R-WY) is continuous to push for her twenty first Century Mortgage Act in a bid to interrupt down obstacles for first-time dwelling consumers, a brand new X put up from the U.S. lawmaker reveals.
Shopping for A House Is Price-Prohibitive, Sen. Cynthia Lummis Says
In a clip posted to X on August 24, Lummis reaffirmed her goal to codify U.S. Federal Housing Finance Company Director William Pulte’s directive to order each Fannie Mae and Freddie Mac to contemplate methods cryptocurrencies could also be utilized in mortgage threat assessments into regulation.
My twenty first Century Mortgage Act brings mortgage lending into the Digital Age and makes homeownership extra accessible for younger People. pic.twitter.com/daFfLRFqap
— Senator Cynthia Lummis (@SenLummis) August 24, 2025
“The overwhelming majority of people that personal digital belongings are additionally first-time dwelling consumers,” Lummis mentioned. “And on this surroundings, shopping for a house is sort of cost-prohibitive.”
“What we’re making an attempt to permit individuals to do is after they present their internet price for functions of qualifying for a mortgage, that their digital belongings be included as belongings on their steadiness sheet so that they have that fairness to show their worthiness of getting a house mortgage,” she continued.
Is House Possession The American Dream?
Lummis’ newest push for the twenty first Century Mortgage Act comes lower than one month after she launched the crypto invoice on July 29.
Ought to the laws go, it will codify Pulte’s directive that potential owners would be capable of use cryptocurrencies saved on any U.S.-regulated centralized change as a part of their mortgage threat evaluation with out being transformed to USD first.
“The American dream of homeownership just isn’t a actuality for a lot of younger individuals,” mentioned Lummis.“This laws embraces an revolutionary path to wealth-building maintaining in thoughts the rising variety of younger People who possess digital belongings.
“We’re dwelling in a digital age, and fairly than punishing innovation, authorities companies should evolve to fulfill the wants of a contemporary, forward-thinking technology,” she added.
until, whether or not cryptocurrencies can present the soundness wanted for mortgage markets stays an open query as Lummis pushes to fold them into the American dream of homeownership/
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