Trump's unlawful crypto grift is going to crash the housing market [View all]

Remember 2008, when the housing market crashed? If you thought that was fun, you’re going to love the Trump administration’s latest move.

Federal Housing Finance Agency Director William Pulte just ordered Fannie Mae and Freddie Mac to treat cryptocurrency—a volatile and largely unregulated mess—as an asset when evaluating whether to purchase mortgages from banks.

Freddie Mac and Fannie Mae support about 70% of the mortgages in the country. They don’t issue loans but instead buy up home loans and package them into mortgage-backed securities, which are then sold to private investors. Freddie Mac and Fannie Mae then guarantee payments to those investors if the mortgage holder defaults.

You can see where this is going.

https://www.dailykos.com/stories/2025/6/27/2330270/-Trump-s-unlawful-crypto-grift-is-going-to-crash-the-housing-market