The recent push to include cryptocurrencies in mortgage underwriting has raised alarm among U.S. Senators, who fear it could lead to destabilizing effects in housing finance. They have called for detailed reviews and transparency regarding this directive.
On July 24, 2025, Senators including Elizabeth Warren and Bernie Sanders sent a letter to FHFA Director William Pulte, requesting information about the risks and governance regarding the inclusion of unconverted crypto assets in mortgage processes.
Lawmakers cautioned that reintroducing crypto into the mortgage system could evoke financial vulnerabilities similar to those witnessed during the 2023 banking crises. They emphasized the necessity for rigorous oversight to prevent conflicts of interest.
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