Mortgages with Bitcoin? This is the latest Lummis crypto bill in the US

By Hannah Pérez

The ally of cryptocurrencies in the US Senate, Cynthia Lummis, proposed that mortgage borrowers can use their cryptocurrency holdings to guarantee loans. His project would make an ordinance of the Director of the Federal Housing Financing Agency for the United States.

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Senator Cynthia Lummis presents a new cryptocurrency bill.
He proposes that mortgage lenders can use their cryptocurrencies as a guarantee for loans.
It would make a law a prior order requesting Fannie Mae and Freddie Mac to consider cryptocurrencies.
Lummis is behind other pro-writing legislative efforts in the US.

The American senator Cynthia Lummis, one of the main allies of the industry in Washington, has presented a new cryptocurrency bill that would open the door so that these assets are used in mortgages in the United States.

The legislative proposal, appointed as the “Mortgage Law of the 21st Century”, would allow mortgage borrowers to use their cryptocurrency holdings to support or guarantee their loans, several news media reported.

Proud to introduce the 21st Century Mortgage Act to Make Homeownership More Accessible for Young America Splow Are Embasso The Digital Age. More Below. ⬇️ pic.twitter.com/he5ijtamtama

– Senator Cynthia Lummis (@senlummis) July 29, 2025

The effort comes after the director of the Federal Housing Financing Agency, Williamuff, ordered last month to the mortgage giants backed by the United States government, Fannie Mae and Freddie Mac, who presented detailed proposals on how cryptocurrencies to the mortgage market can include.

In essence, Lummis’s effort would make the law order to law by allowing “That the holdings of a borrower in a digital asset, accredited and maintained in accordance with a qualified custody agreement, will be included in the reservations of a borrower without the need to convert the digital asset to US dollars“, As detailed by the project.

Mortgage bill with cryptocurrencies

Lummis, a senator for the Wyoming state, argued that the use of cryptocurrencies such as Bitcoin and Ether In the mortgage market they could help close the gap towards housing property that would otherwise be unattainable.

“This legislation adopts an innovative path towards the creation of wealth taking into account the growing number of young Americans who have digital assets“The legislator said in a statement cited by various media.

We live in a digital era and, instead of punishing innovation, government agencies must evolve to meet the needs of a modern generation with a future vision.

If you progress, this legislation could open the door to cryptocurrencies towards a Market whose debt amounts to more than USD $ 12.8 billioncorresponding to 85.78 million mortgages, according to a report from Landingtree Posted in June. The current figure of the mortgage debt represents 70.3% of the total debt of consumers in the United States.

Fannie Mae and Freddie Mac, created by Congress, have the task of providing liquidity and stability to the mortgage market partly buying mortgages of lenders.

It is not clear if this bill will find strength in Congress, as noted COINDESK; Especially after Democratic legislators previously expressed their rejection of the ox order. Last week, Senator Elizabeth Warren and other Democrats warned that incorporating cryptocurrencies into mortgage subscription could be risky for the financial system.

Lummis drives other legislative efforts

Lummis, who directs the cryptocurrency subcommittee within the Senate Banking Committee, is behind other legislative efforts in favor of cryptocurrencies in the United States. This month, she presented a bill on crypto taxes to address problems such as double taxation, complexity of tax compliance and lack of regulatory clarity.

The senator insisted with fiscal reforms after the provisions on matters were excluded from the legislative project ‘One Big Beautiful Bill’ of Budget Reconciliation of the Trump Administration.

Months before proposed the so -called “Bitcoin Law” that would make a executive decree of President Donald Trump into legislation that orders the creation of a strategic reserve of Bitcoin In the United States.

Hannah Estefanía Pérez / Diariobitcoin

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