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- Despite a Rocky Crypto week in Washington, a new mortgage account gives a step in the direction of legitimizing Bitcoin in traditional loans. At the same time, nations such as El Salvador and Pakistan embrace cryptocurrency at national level.
After a disappointing start of the long-awaited ‘crypto week’ in Washington, characterized by the failure of an important procedural vote, legislators still push new proposals ahead.
A remarkable development came from representative Nancy Mace from South Carolina, who entered A new account, HR 4374, on July 14, 2025.
What is the bill aimed at?
For perspective, the Newly proposed US House Bill strives to modernize mortgage evaluations by updating the federal insurance systems.
If adopted, lenders would be obliged to consider crypto activa, in particular those in broker’s accounts linked to exchanges, when revised mortgage applications.
The bill has been referred to the Committees for Financial Services and Veteran Affairs for assessment.
Although still in early stages, the legislation is intended to make Crypto Holdings part of the regular mortgage reviews.
What changes will come once it has been established?
If determined, the account would modernize the mortgage insurance by allowing borrowers to count Bitcoin [BTC] And other digital assets held in registered brokerage accounts for loan qualifications.
Currently, applicants have to convert crypto into Fiat and hold it for a fixed period before it is considered.
This legislation would remove that requirement, so that digital assets can fulfill reserve and repayment criteria directly without liquidation.
The proposal builds on Momentum of FHFA director Bill Pulte’s announcement of June 2025 with crypto in mortgage evaluations.
In particular, the Cathie Wood of Ark Invest praised the move and said that it could stimulate the role of Bitcoin in regular financing and younger, crypto-savvy buyers could be eligible for home loans.
How is it beneficial for the veterans?
Moreover, as stated above, the account also proposes changes for the Department of Veterans Affairs. This can enable veterans to count their digital assets when applying for mortgages supported by VA.
While the proposed mortgage account is still waiting for the debate and the approval in both the house and the Senate, which means that President Donald Trump’s signature must become the law, the US remains trapped in a tug of war on Bitcoin legislation.
In the meantime, unexpected developments on the world stage reform the crypto story.
Pakistan and El Salvador, two countries rarely named In the same economic breath, a historical partnership has formed aimed at cryptocurrency, in particular Bitcoin.
Their agreement is intended to explore the use of crypto in utility companies in the public sector and to expand their BTC reserves.
What is more?
Although ‘Crypto Week’ did not produce breakthroughs in Washington, the Republicans managed to hire the radical ‘One Big Beautiful Bill Act’, with vice-president JD Vance who released the tie-breaking senate vote.
The contrast underlines a growing gap: while American legislators remain divided over the role of Bitcoin in finances, other countries quickly embrace its potential.