Digital Assets Such As XRP Are Being Written Into U.S. Mortgage Law

Key Points

1. The 21st Century Mortgage Act proposes modernizing mortgage eligibility by incorporating digital assets such as XRP into risk assessments.

2. Government-backed entities like Fannie Mae and Freddie Mac would be required to accept digital assets for home loans under the bill.

3. The bill reflects a broader push to integrate digital assets into traditional finance, despite Senator Lummis's personal preference for Bitcoin over XRP.

4. Previously, crypto holdings were excluded from mortgage calculations, limiting borrowing power for digital asset holders.

5. The legislation could significantly benefit XRP and other digital assets by increasing their legitimacy and utility in financial systems.