In a bold move that underscores the severity of the housing situation in the United States, the U.S. Treasury Secretary, Scott, has indicated that President Trump may consider declaring a national emergency. The statement was made during a press conference held on September 2, 2025, as reported by journalist Benny Hawe. The announcement suggests a growing urgency within the federal government to take drastic measures to combat the ongoing housing crisis.

The idea of declaring a national emergency comes after months of rising rent prices, a shortage of affordable homes, and increasing homelessness rates across the country. Financial institutions, housing authorities, and civic organizations have all raised alarms in recent months, urging the government to take stronger action.

If enacted, a national emergency declaration would give the President expanded powers to allocate federal resources, expedite construction permits, and possibly enforce price control mechanisms to stabilize the market. While such measures may be controversial, many believe that they are necessary to prevent further socioeconomic fallout.

This development also has broader implications for the economy and crypto markets. With housing instability creating financial insecurity for many Americans, markets may become more volatile, as reflected in the modest rise in Bitcoin (BTC) and slight drop in Ethereum (ETH) prices shown at the time of the news release.