Crypto
House Votes on Key Cryptocurrency Bills This Week
The U.S. House of Representatives is poised to vote on several pivotal cryptocurrency bills this week, marking a crucial juncture in the regulatory evolution of digital assets. The legislative package under consideration includes the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act, each addressing distinct facets of the cryptocurrency ecosystem to foster a more structured and transparent market.
The CLARITY Act, formally known as the Digital Asset Market Clarity Act of 2025, is designed to establish clear, functional requirements for participants in the digital asset market. This legislation aims to enhance consumer protection while encouraging innovation, ensuring that the market operates within a well-defined regulatory framework. The GENIUS Act, meanwhile, focuses on stablecoin regulations, offering a comprehensive approach to managing these digital assets. The Anti-CBDC Surveillance State Act seeks to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC), underscoring the importance of privacy and individual control over financial transactions.
The White House has highlighted the significance of this legislative push, with digital asset adviser Bo Hine referring to it as “Crypto Week.” This initiative is part of a broader effort to integrate cryptocurrencies into the mainstream financial system, balancing the need for regulation with the potential for innovation. The House Committee on Financial Services, led by Chairman French Hill, has been at the forefront of this agenda, emphasizing the importance of these bills in providing a clear regulatory framework for digital assets. This framework is essential for both consumer protection and market stability, and the committee’s efforts have garnered support from various stakeholders, including industry experts and policymakers.
The voting process is anticipated to attract close scrutiny from industry participants and regulators, as the outcomes will have wide-ranging implications for the future of digital assets in the U.S. The CLARITY Act is particularly notable, as it is seen as a foundational element of the regulatory framework, offering much-needed clarity on the legal status of digital assets and the responsibilities of market participants. The GENIUS Act and the Anti-CBDC Surveillance State Act complement this effort by addressing specific areas of concern within the cryptocurrency ecosystem.
As the House of Representatives prepares to vote on these bills, the focus remains on creating a balanced regulatory environment that supports innovation while protecting consumers. The outcomes of these votes will significantly influence the future trajectory of digital assets in the U.S., setting the stage for further developments in this dynamic and rapidly evolving field.
Crypto
After $3T crypto volume in 2025, CME plans 24/7 regulated trading
“Client demand for risk management in the digital asset market is at an all-time high, driving a record
Beginning Friday, May 29 at 4:00 p.m. CT, CME Group Cryptocurrency futures and options will trade continuously on CME Globex with at least a two-hour weekly maintenance period over the weekend. All holiday or weekend trading from Friday evening through Sunday evening will have a trade date of the following business day, with clearing, settlement and regulatory reporting processed the following business day as well.
Cryptocurrency futures and options continue to reach record volumes at CME Group in 2026. Year-to-date highlights include:
- Average daily volume (ADV) of 407,200 contracts, up
46% year-over-year, and average daily open interest of 335,400 contracts, up7% year-over-year - Futures ADV of 403,900 contracts, up
47% year-over-year
As the world’s leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, cryptocurrencies, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and
CME-G
View original content:https://www.prnewswire.com/news-releases/cme-group-to-launch-247-cryptocurrency-futures-and-options-trading-on-may-29-302692346.html
SOURCE CME Group
Crypto
Crypto Demand Hits Underwriting
A growing share of young, affluent investors now hold part of their net worth in cryptocurrency — and many are reluctant to liquidate those positions to buy a home. Non-QM lenders are beginning to adjust.
Newrez has formally integrated eligible cryptocurrency holdings into its non-agency underwriting framework, allowing borrowers to use digital assets for qualification without selling them. The move places crypto alongside traditional securities accounts within the company’s Smart Series product suite, reflecting a shift in how borrowers structure their wealth.
Other non-QM lenders are moving in the same direction. Newfi Lending recently expanded its Sequoia DSCR program to allow borrowers to count a portion of Bitcoin and Ethereum toward reserve requirements without liquidation. Under Newfi’s guidelines, up to 25% of Bitcoin and Ethereum held in a Coinbase account and up to 50% of crypto ETFs or mutual funds held at institutions such as Fidelity or Schwab may be applied toward reserves, with total crypto capped at 50% of required reserves.
How It Works
Under the updated framework, eligible cryptocurrency holdings may be considered as part of the asset analysis when qualifying a borrower. Crypto is not accepted as currency for down payments, and borrowers must still close in U.S. dollars.
“The suitability is the same,” said Baron Silverstein, president of Newrez. “All we’re doing is accepting crypto assets to qualify, so it would be no different from looking at somebody’s securities account.”
Silverstein described the rollout as a measured first step within the non-agency channel, structured around established underwriting discipline rather than a new risk model. “We felt that, at least in the non-agency space, that this was an appropriate first move for us,” he said.
He noted that the approach mirrors how the GSEs treat other volatile assets held in securities accounts. “The GSEs are very prescriptive about the haircuts that they allow or require for assets in an individual’s securities portfolio account,” Silverstein said, pointing to holdings such as gold futures that also fluctuate in value.
Newrez evaluated crypto using a similar framework. Silverstein emphasized that the program does not alter core underwriting standards. “When you benchmark it in that manner, it really just becomes evaluating a price regression analysis and then what haircuts you feel are appropriate from a risk perspective on consumer-owned crypto,” he said.
Why Now?
Silverstein said demand among younger investors, ages 18 to 40, helped drive the decision, noting that borrower balance sheets increasingly include digital assets. “When we have conversations with clients — you hear it more and more — customers say they have crypto as part of their investment strategy,” he said.
The company’s press release cited the expanding global cryptocurrency market and noted that an estimated 45% of Gen Z and Millennial investors (also considered future homebuyers) own crypto.
Survey data from Coinbase shows nearly half of young investors own cryptocurrencies and rank crypto second only to real estate as a top growth opportunity. A YouGov investment trends report found Millennial and Gen Z investors are more likely to own crypto than a retirement account and are as likely to own cryptocurrency as they are to own real estate.
“My kids own crypto; I don’t,” Silverstein said. “I’m an old dog, and they have grown up in the digital age. They’re a lot more comfortable with the digital experience and using digital tools with what they do every single day.”
At the same time, Silverstein acknowledged that traditional agency programs have not yet adapted to recognize crypto assets for mortgage qualification. He framed Newrez’s move as a response to generational change.
“I think that the new customer is likely going to have crypto as part of their investment,” he continued. “That’s why I felt like this was a really good first step into the approval process for when they decide to buy a home.”
What It Means for Loan Officers
For loan officers, the update expands the range of borrowers who may qualify without restructuring their balance sheets.
“I think this will be a really big benefit for loan officers to support their customers,” Silverstein said. “If a customer comes to them and says, ‘look, 50% of my assets are in crypto,’ then they absolutely will have an option to say, ‘yeah, that can work for this type of mortgage.’”
Reaching those borrowers may require different referral strategies. A November survey from crypto infrastructure company Zerohash found that 35% of wealthy young Americans earning between $100,000 and $1 million annually had moved money away from advisors who do not offer crypto exposure. More than half of those reallocations involved between $250,000 and $1 million. The study found many younger investors rely on friends, family and online platforms such as YouTube for financial information.
Silverstein said he expects both advisors and competing lenders to adapt. “I would be surprised if you don’t see others follow suit,” he said. “That’s just my guidance and gauge on how competitive our industry is.”
The Bottom Line
Crypto is no longer a fringe conversation. For a growing segment of borrowers, it’s a meaningful line item on the balance sheet.
For loan officers, that shifts the initial discovery conversation. Instead of asking whether assets exist, the better question may be where they are held — brokerage account, retirement fund, or digital wallet. Borrowers who appear liquidity-constrained on paper may be asset-strong, but unwilling to trigger a taxable event or exit a volatile position to qualify.
Non-QM lenders are beginning to structure policy around that reality. Originators who understand which investors will recognize crypto, how haircuts are applied, and where caps apply can turn what looks like a declined file into a viable approval.
The opportunity remains limited by volatility and investor overlays. But as more wealth migrates into digital assets, the ability to navigate crypto within underwriting guidelines may become a competitive advantage rather than a niche skill.
Crypto
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