How a new U.S. bill could let you use Bitcoin for home loans

Key Takeaways

• Despite a rocky crypto week in Washington, a new mortgage bill signals a step toward legitimizing Bitcoin in traditional lending. At the same time, nations such as El Salvador and Pakistan are embracing cryptocurrency on a national level.

Following a disappointing start to the much-anticipated ‘Crypto Week’ in Washington, marked by the failure of a key procedural vote, lawmakers are still pushing forward with fresh proposals.

One notable development came from Representative Nancy Mace of South Carolina, who introduced a new bill, H.R. 4374, on 14th July 2025.

What is the bill aiming at?

For perspective, the newly proposed U.S. House bill seeks to modernize mortgage evaluations by updating federal underwriting systems. 

If passed, lenders would be required to consider crypto assets, specifically those held in brokerage accounts linked to exchanges, when reviewing mortgage applications. 

The bill has been referred to the House Financial Services and Veterans Affairs Committees for review. 

Though still in its early stages, the legislation aims to make crypto holdings part of mainstream mortgage assessments.

What changes will come once it’s enacted?

If enacted, the bill would modernize mortgage underwriting by allowing borrowers to count Bitcoin [BTC] and other digital assets held in registered brokerage accounts toward loan qualifications. 

Currently, applicants must convert crypto into fiat and hold it for a set period before it’s considered. 

This legislation would remove that requirement, letting digital assets directly meet reserve and repayment criteria without liquidation.

The proposal builds on momentum from FHFA Director Bill Pulte’s June 2025 announcement to include crypto in mortgage evaluations.

 Notably, ARK Invest’s Cathie Wood praised the move, saying it could boost Bitcoin’s role in mainstream finance and help younger, crypto-savvy buyers qualify for home loans.

How is it beneficial for the Veterans?

On top of that, as mentioned above, the bill also proposes changes for the Department of Veterans Affairs. This could enable veterans to count their digital assets when applying for VA-backed mortgages. 

While the proposed mortgage bill still awaits debate and approval in both the House and Senate, requiring President Donald Trump’s signature to become law, the U.S. remains caught in a tug-of-war over Bitcoin legislation.

Meanwhile, unexpected developments on the global stage are reshaping the crypto narrative.

Pakistan and El Salvador, two countries rarely mentioned in the same economic breath, have formed a historic partnership centered on cryptocurrency, particularly Bitcoin.

Their agreement aims to explore crypto’s use in public sector utilities and expand their BTC reserves.

What’s more?

Although ‘Crypto Week’ in Washington didn’t yield breakthroughs, Republicans succeeded in passing the sweeping ‘One Big Beautiful Bill Act’, with Vice President JD Vance casting the tie-breaking Senate vote. 

The contrast underscores a growing divide: while U.S. lawmakers remain split on Bitcoin’s role in finance, other countries are moving quickly to embrace its potential.