Crypto isn’t crashing the American dream; it’s renovating it

Key Points

1. The FHFA announced that Fannie Mae and Freddie Mac will begin recognizing crypto assets as part of mortgage applications, signaling a policy shift.

2. In 2024, 12% of homebuyers planned to use crypto for down payments, up from 5% in 2019, indicating growing acceptance.

3. The decision is symbolic, acknowledging that 21st-century wealth includes digital assets like cryptocurrencies.

4. Crypto enthusiasts argue that volatility does not equate to fraud, contrasting with outdated credit models that contributed to the 2008 financial crisis.

5. The move reflects a broader trend of integrating decentralized finance into traditional systems, redefining the concept of wealth and homeownership.