A new bill introduced in the Senate would require Fannie Mae and Freddie Mac to consider unconverted digital assets in mortgage underwriting. Sen. Cynthia Lummis (R-Wyo.) introduced the legislation, known as the 21st Century Mortgage Act, on Tuesday.

S.B. 2471 is a response to a directive from Bill Pulte, the director of the Federal Housing Finance Agency (FHFA). Pulte recently instructed the government-sponsored enterprises (GSEs) to consider unconverted cryptocurrencies “that can be evidenced and stored on a U.S.-regulated centralized exchange subject to all details ⇒

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