A new Senate bill introduced by Senator Cynthia Lummis (R-WY) aims to bridge traditional finance and digital assets.
The 21st Century Mortgage Act would modernize mortgage eligibility by requiring government-backed entities, such as Fannie Mae and Freddie Mac, to consider digital assets, such as Bitcoin, Ethereum, and XRP, when evaluating single-family home loan applications, potentially reshaping access to homeownership.
This bill has not gone unnoticed, as Crypto-focused influencer X Finance Bull (@Xfinancebull) commented on the bill, highlighting XRP’s inclusion in the proposed mortgage law, and writing, “This isn’t just bullish for XRP. It’s historic for crypto.”
JUST IN
$XRP is being written into US mortgage law
A new Senate bill would force Fannie Mae & Freddie Mac to accept digital assets, including XRP, for home loans.
They’re making it mortgage-grade
This isn’t just bullish for $XRP. It’s historic for crypto
Do you see it yet? pic.twitter.com/Fy2Xbofu8D
— X Finance Bull (@Xfinancebull) July 29, 2025
Details of the Proposed Mortgage Bill
Under the proposed bill, digital assets would be factored into mortgage risk assessments. Specifically, the legislation would require Fannie Mae and Freddie Mac to accept digital assets recorded on a distributed ledger, effectively making them financial instruments suitable for use in the home loan process.
The legislation also reflects an earlier directive from Federal Housing Finance Agency Director William Pulte, which urged agencies to “consider cryptocurrency as an asset for single-family loans.”
Moving Into a New Age
Senator Lummis called the bill a practical response to economic change, noting many young Americans now hold wealth in digital assets. According to Lummis, “We’re living in a digital age, and rather than punishing innovation, government agencies must evolve.”
This shift may offer a broader on-ramp to financial inclusion, particularly for younger generations whose net worth increasingly includes cryptocurrencies. Lummis is not a supporter of XRP, and previously cancelled a meeting with Ripple CEO Brad Garlinghouse, refusing to reschedule.
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However, her pro-crypto stance will significantly benefit XRP, despite her preference for Bitcoin. Until now, crypto holdings were excluded from mortgage calculations, limiting the borrowing power of digitally-native consumers.
The bill would prevent agencies from requiring applicants to liquidate digital assets into dollars instead of instructing them to assess these holdings in their native form.
Garlinghouse, who recently testified before the Senate, has consistently called for an inclusive approach to cryptocurrency integration and use. This bill will provide a framework that will improve the market’s standing in the U.S. and further legitimize assets like XRP.
What’s Next for XRP and the Broader Market?
The bill’s introduction signals a potential shift in how federal institutions treat decentralized financial technologies. Though it still faces debate and refinement before becoming law, its implications are already resonating in markets and policy circles alike.
2025 has seen major bills, such as the GENIUS Act, passed into law. If passed, this legislation would mark one of the most significant integrations of cryptocurrency into U.S. financial infrastructure to date.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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