Several Democratic US senators oppose the inclusion of "non-dollar" cryptocurrencies in residential mortgage assets

The Federal Housing Finance Agency (FHFA) recently issued a directive to explore how to include cryptocurrencies in the threat and risk assessment of single-family residential mortgages, and US Senator Lummis also proposed a new bill to include cryptocurrencies in mortgage assets. Many Democratic senators, including Warren and Van Hollen, expressed opposition, arguing that according to current policies, whether it is a corporate lender or any other federally supported, guaranteed or guaranteed mortgage channel, mortgage lenders are not allowed to consider cryptocurrencies when determining whether they can afford to repay mortgages, unless the cryptocurrency has been converted into US dollars and accompanied by corresponding documents. Taking into account unexchanged cryptocurrency assets may pose a risk to the stability of the real estate market and the financial system.