Opinion by Dr. Scott Lehar
In the early 2000s, it was possible to obtain loans in the United States without confirming your income or property. It was called “no-dock” or “low-dock” loan. Its purpose was to help the workers employed or contracted workers, but was widely abused. Today, lenders verify income, property, loan and employment.
The finance world is changing or not, whether centralized futures are. What is needed for W-2 veg-end-tax forms, gatepers and credit files, now being rebuilt on transparency, autonomy and a blockchain wallet.
For the first time, Washington admits that money is not traditional, it is digital. For more than a century, the American Dream has been reduced to a big dream: the owner of the house. Financial and psychological milestones indicate the arrival, stability and the dynamics of the top.
What has been the same definition of wealth? What happens when your bias sheet is not in the bank, but also on the blockchain?
FHFA move: a policy change with cultural weight
The Federal Housing Finance Agency (FHFA) recently announced that Fanny Maai and Freddy Mac Crypto assets would be recognized as part of the mortgage conflict assessment assessment.
This subtle but historical step officially brings digital money within the scope of traditional home financing, and in doing so, it defines again that is worthy of American dreams.
Crypto did not knock on the doors of American dreams. Crypto built a back door and went inside. This new entry point for the homeowner is that inflation and centralized banks made a pipedream possible.
Most headlines focused on immediate implications: Crypto holders may no longer need liquid property to qualify for mortals. But more deep importance is philosophical. The system is no longer asking, “Is crypto real?” It is accepting, “Crypto is money.”
In 2024, Redfin reported that 12% homebuyers planned to use Crypto for 5% justice from justice in 2019.
It is not about publicity. This is happiness. A gene gatekeeper is operating the economy. They created funds without permission, often without traditional employment, and now in the most traditional property of all: real estate.
The FHFA decision is more than the regulator. It is symbolic. This indicates a change in integration from exclusion.
Not just finance, but freedom
Critics are already catching the rail. They work that identifying unstable property like bitcoin in hostage qualifications introduces unnecessary risk.
However, crypto intercasters know and the instability of the trumpet is not equal to fraud. Many people who avoid the old credit model forget that the 2008 financial crisis was not due to crypto, but due to excessive lenses, synthetic debt and total long -lengthy -chowling.
Connected: American regulator ordered Fedi Mae, Freddy Mac to consider Crypto for hostage
Crypto is about transparency. The balance of wallet is not a lie. Smart contracts do not make payment stubs. Decentralized finance is not perfection, but it does not do it. All this keeps it ahead of the shadow banking activity of Wall Street.
It is not only about finance; It is about freedom. It does not always come from the wealth of the 21st century Fiat Savings or 401 (K) S. Sometimes it comes as an token, an account book or a digital asset, organized by a person who refused to wait for traditional finance. Risk and revolutionary can be rejoiced!
From roofs to revolutions
Innovation is not just in how people buy a house with Crypto. This is how people use their homes to buy crypto. They are flipping the traditional model. There used to be a real estate dream. Now, for some, it is the launchpad.
Yes, it increases the risk. And no, everything does not use your home as bitcoin acquisition engine. This is where informed regulation cases. We need a smart structure that respond to innovation that give protection to consumers.
The option is Wade: A financial system that works for those who correspond to the older paths of wealth. Centralized banks often meet a relay from the past, but it seems that some people are opening their eyes which is unfair.
New blueprint
This is the new blueprint for American Dream: ownership now involves physical and digital property; Creditworch onchain reflects transparency, not only paper resumes; And the housing market should not be against them, not with their people. Crypto is not a threat to the house. It is a cattlest for its reinforcement.
We do not need more gatekeepers. We need more bridges. For millions of investors, innovators and digital natives, this new policy bridge where they are billing and where they want to live now.
Location, location, location is now online, decentralized and transparent.
Crypto Isn’St is just changing finance. This again defines what it means.
Opinion by Dr. Scott Lehar.
This article is for genealogy information purposes and is not intention and should not be taken as legal or investment advice. The idea, however, expressed opinions here alone of the author and not necessarily reflected or represented the ideas and ideas of the coinletgraph.