Cynthia Lummis’ Mortgage Act: Revolutionizing Homeownership with Crypto

US Senator Cynthia Lummis has proposed legislation that could significantly impact the American housing market, introducing the 21st Century Mortgage Act. The bill aims to allow government-sponsored enterprises (GSEs) like Fannie Mae and Freddie Mac to consider cryptocurrencies when assessing eligibility for single-family mortgages. This would mark a historic shift in integrating digital assets into traditional financial systems.