Direct Fannie Mae and Freddie Mac to accept cryptocurrency as an asset in mortgage underwriting.
Tracked here under his substantive record as FHFA Director — the role he has held since March 2025 and still holds alongside his newer, additional title as Acting Director of National Intelligence since June 2026. On June 25, 2025, Pulte issued Decision No. 2025-360 directing Fannie Mae and Freddie Mac to develop proposals letting verified crypto holdings on U.S.-regulated exchanges count as mortgage reserve assets without forced conversion to dollars, framed as advancing Trump’s "crypto capital of the world" vision. Five Senate Democrats warned the move introduced volatility risk into federally-backed lending without public input on the process. By March 2026, Fannie Mae began accepting crypto-backed mortgages in practice, per Wall Street Journal reporting cited in a follow-up Senate letter — moving this from directive to actual implementation. Sen. Cynthia Lummis introduced legislation to codify the policy. Pulte separately drew a GAO investigation over unrelated mortgage-fraud referrals against several of Trump’s political critics; that inquiry is tracked here as context, not as this promise’s subject.
- News reportCNBC
- Official recordSenate Banking Committee Democrats
- News reportFox Business