In simple terms, this means that if you own crypto like Bitcoin, Ethereum, or XRP, it could be counted as part of your assets when applying for a mortgage backed by Fannie Mae or Freddie Mac.

This is important because it marks the first time U.S. government-supported mortgage firms have officially recognized crypto as a financial asset. Until now, crypto was often seen as too risky or too new for traditional financial products like home loans.

Now, with this new rule, it could open the door for millions of crypto holders in the U.S. to use their digital assets to qualify for mortgages. It’s another clear sign that crypto is becoming more mainstream and accepted by big institutions.

This move will likely push private banks like JPMorgan, Bank of America, and Wells Fargo to follow suit. If government-backed firms are doing it, the private sector won’t want to be left behind. This could lead to new crypto-related financial products, loans, and services in the near future.

There’s also talk of banks launching their own stablecoins and expanding crypto services like trading and custody for their customers.