Opinion by: Dr. Scott Lehr
In the early 2000s, it was possible to obtain a loan to the United States without proven your income or property. It is called a “no-doc” or “low-doc” loan. The goal is to help self -employees or contract workers, but it is widely abused. Today, lenders have proven income, property, debt and employment.
Whether the centralized fraternity wants it or not, the financial world changes. What once needed wage-and-tax forms, gatekeepers and credit files are now being built on transparency, autonomy and a blockchain wallet.
For the first time, Washington recognizes that wealth is not just traditional, it is digital. For more than a century, the American Dream has been that -underwritten of a big dream: homeownership. The financial and psychological milestone signal came, stability and upward mobility.
What happens when the very meaning of wealth begins to change? What happens when your sheet sheet not only lives in a bank, but also a blockchain?
FHFA’s transfer: a policy transfer with cultural weight
The The Federal Housing Finance Agency (FHFA) recently announced that Fannie Mae and Freddie Mac will begin to identify crypto assets as part of mortgage application assessments.
This subtle and historic transition officially brings digital wealth to the land of traditional home financing, and in doing so, it redefines who qualifies for the American dream.
Crypto did not knock on the door of the American dream. Crypto built a back door and walked. This new point of entry for home ownership makes what is possible of inflation and centralized banks.
Most headlines focused on immediate implications: Crypto holders may not need liquid owners to qualify for a mortgage. But the deeper significance is philosophical. The system no longer asks, “Is crypto real?” It admitted, “Crypto is a treasure.”
In 2024, Redfin It is reported that 12% of homebuyers are planning to use crypto for payments, from just 5% in 2019. Meanwhile, companies are building lending infrastructure that allows people to use digital assets as collateral without the intercourse of capital income events.
It’s not about the hype. It happens. A generation of self-made digital investors operates outside the gatekeeper’s economy. They built wealth without permission, often without traditional work, and are now desired at the most traditional ownership of all: real estate.
The FHFA’s decision is more than regulation. It’s a symbol. It signed a transition from exclusion to integration.
Not only financially, but freedom
Critics are already attached to the railroads. They remember that recognition of the change of possessions such as Bitcoin in mortgage qualifications introduces unnecessary risk.
However, crypto and trumpet lovers know that volatility is uneven fraud. Many people defending the outdated credit models forget that the 2008 The financial crisis is caused by not crypto but by excessive action, synthetic debt and a total lack of transparency.
Related: US Regulator Fannie Mae, Freddie Mac to consider crypto for mortgages
Crypto is about Transparency. Wallet Balances do not lie. Smart contracts do not pay stubs. Decentralized finance is not perfect, but it does not pretend that something is not. That is the only one that is placed ahead of Wall Street’s banking banking.
It’s not just about finance; It is about freedom. It is about recognizing that the 21st century wealth does not always come from Fiat Savings or 401 (K) s. Sometimes it came as a token, a ledger or a digital possession held by someone who refused to wait for traditional finances to prove them. Risk and Revolutionaries can rejoice!
From the roofs to the revolutions
The change is not just how people buy houses with crypto. It is in how people use their homes to buy crypto. They flipped a traditional model. Real estate has become a dream. Now, for some, this is the launchpad.
Yes, it introduces the danger. And no, not everyone should use their home as a bitcoin taking engine. That is where knowledge of regulation is important. We need smarter frameworks that respect the change while protecting consumers.
The alternative is worse: a financial system that only serves the consent to the timely paths of wealth creation. Centralized banks often resemble a relic from the past, but it seems that some are opening their eyes to what is inevitable.
The new blueprint
This is the new blueprint for the American Dream: the owner includes physical and digital assets; Creditwortiness reflects onchain transparency, not just paper resumes; And the housing market should change with its people, not against them. Crypto is not a threat to homeownership. It is a catalyst for its re -invention.
We don’t need more gatekeepers. We need a lot of bridges. For millions of investors, innovators and digital indigenous people, this new bridge policy on which they build and where they want to survive.
The location, location, location today is online, decentralized and transparent.
Crypto does not just change financially. This will redefine what it means to come.
Opinion by: Dr. Scott Lehr.
This article is for general information purposes and is not intended to be and should not be done as legal or investment advice. The views, attitudes, and opinions expressed here are unique and do not necessarily reflect or represent the views and opinions of the cointelegraph.
