Investing.com -- U.S. Director of Federal Housing FHFA William Pulte directed Fannie Mae (OTC: FNMA ) and Freddie Mac (OTC: FMCC ) on Wednesday to prepare their businesses to recognize cryptocurrency as an asset for mortgage applications.

"After significant studying, and in keeping with President Trump’s vision to make the United States the crypto capital of the world, today I ordered the Great Fannie Mae and Freddie Mac to prepare their businesses to count cryptocurrency as an asset for a mortgage," Pulte said.

This directive marks a potential shift in how the government-sponsored enterprises evaluate assets for mortgage qualification purposes. The move aligns with the administration’s stated goals regarding cryptocurrency adoption in the United States.

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