Opinion by: Dr Scott Lehr
In the early 2000s, it was possible to get a loan in the United States without checking your income or assets. He was called a loan “without doc” or “with low doc”. The goal was to help the self -employed or to contract, but it was largely abused. Today, lenders check income, assets, debt and employment.
Whether centralized fraternity likes it or not, the financial world changes. This required once the W-2 salary and tax forms, the guards and credit files is now being reconstructed on transparency, autonomy and a blockchain portfolio.
For the first time, Washington recognizes that wealth is not only traditional, it is digital. For more than a century, the American dream has been subscribed by a big dream: property. The financial and psychological stages indicate the arrival, stability and ascending mobility.
What happens when the very definition of wealth begins to evolve? What happens when your assessment does not only live in a bank, but also on the blockchain?
FHFA movement: a change in policy with a cultural weight
The Federal Housing Finance Agency (FHFA) recently announced that Fannie MAE and Freddie Mac would begin to recognize cryptographic assets in the context of mortgage applications.
This subtle but historic decision officially brings digital wealth in the field of traditional house funding, and in so doing, it redefines which qualifies for the American dream.
Crypto did not hit the door of the American dream. Crypto built a rear door and entered. This new entry point for ownership makes inflation and centralized banks has made a pipeream possible.
Most titles have focused on immediate implications: cryptography holders may no longer need liquid assets to qualify for a mortgage. But the deeper meaning is philosophical. The system no longer asks: “Is crypto real?” He admits: “Crypto is wealth”.
In 2024, Redfin indicated that 12% of buyers planned to use the crypto for deposits, against only 5% in 2019. In the meantime, companies build loan infrastructures that allow people to use digital assets as guarantee without triggering capital gains events.
It is not a question of media threshing. This happens. A generation of self-fabricated digital investors has operated outside the goalkeeper economy. They built wealth without authorization, often without traditional employment, and now want in the most traditional assets of all: real estate.
FHFA’s decision is more than regulatory. It is symbolic. It signals a transition from exclusion to integration.
Not just finance, but freedom
Critics already serve the rails. They fear that recognition of volatile assets such as bitcoin in mortgage qualification introduces an unnecessary risk.
However, crypto lovers know and deceive that volatility is not equal to fraud. Many people defending obsolete credit models forget that the 2008 financial crisis has not been caused by the crypto but by an excessive lever effect, synthetic debt and total lack of transparency.
In relation: The American regulator orders Fannie MAE, Freddie Mac to consider crypto for mortgages
Crypto is a question of transparency. Portfolio sales do not lie. Intelligent contracts do not forge payroll heels. Decentralized finance is not perfect, but it does not pretend to be something that it is not. This alone puts it before the banking activity of Wall Street.
It is not only a question of finances; This is freedom. It is a question of recognizing that the wealth of the 21st century does not always come from the savings of Fiat or 401 (K). Sometimes it comes like a token, a big book or a digital asset held by someone who refused to wait for traditional finances to validate them. Risk takers and revolutionaries can rejoice!
Roofs with revolutions
Innovation is not only in the way people buy houses with crypto. It is in the way people use their house to buy crypto. They return the traditional model. Real estate was the dream. Now, for some, it’s the Launchpad.
Yes, this introduces the risk. And no, not everyone should use their house as a bitcoin acquisition engine. This is where the informed regulations are important. We need smarter executives that respect innovation while protecting consumers.
The alternative is worse: a financial system that only serves those who comply with the outdated paths of wealth creation. Centralized banks often resemble a relic of the past, but it seems that some open their eyes to what is inevitable.
The new plan
This is the new plan for the American dream: the property now includes physical and digital assets; Solvency reflects transparency in waves, not only the curriculum vitae of paper; And the housing market must evolve with its inhabitants, not against them. Crypto is not a threat to home ownership. It is a catalyst for its reinvention.
We don’t need more guards. We need more bridges. For millions of investors, innovators and digital natives, this new policy folds where they have built and where they now want to live.
Location, location, the location is now online, decentralized and transparent.
Crypto does not only change finance. It redefines what it means to happen.
Opinion by: Dr Scott Lehr.
This article is for general information purposes and is not intended to be and must not be considered as legal or investment advice. The points of view, the thoughts and opinions expressed here are the only of the author and do not reflect or do not necessarily represent the opinions and opinions of Cointellegraph.