The head of the federal government agency that oversees Fannie Mae and Freddie Mac wants the mortgage giants to consider accepting a homebuyer’s cryptocurrency holdings in their criteria for buying mortgages from banks.

The Federal Housing Finance Agency ordered Fannie Mae and Freddie Mac to begin considering cryptocurrency assets when evaluating mortgage applicants. Only crypto assets trackable on a U.S.-regulated centralized exchange will be eligible,

The Federal Housing Finance Agency's director, Bill Pulte, has asked Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) to prepare for cryptocurrency's inclusion as an asset in mortgage-related risk assessment.