Senator Cynthia Lummis, a longtime advocate for digital assets, has introduced the 21st Century Mortgage Act, which requires government-sponsored enterprises to consider digital assets when assessing single-family mortgage eligibility. In effect, if you hold crypto, this asset may be considered as part of your mortgage application when assessing your credit.
Lummis issued a statement on the bill:
“This legislation embraces an innovative path to wealth-building, keeping in mind the growing number of young Americans who possess digital assets. We’re living in a digital age, and rather than punishing innovation, government agencies must evolve to meet the needs of a modern, forward-thinking generation.”
The legislation directly impacts the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) but private mortgage issuers would probably follow, if signed into law.
The announcement states that the 2025 State of the Crypto Holders Report reveals that 21% of U.S. adults now own cryptocurrency, with 67% of crypto owners being under the age of 45.
Proud to introduce the 21st Century Mortgage Act to make homeownership more accessible for young Americans who are embracing the digital age. More below. ⬇️ pic.twitter.com/He5ijtam4A
— Senator Cynthia Lummis (@SenLummis) July 29, 2025