This marks the first time government-backed mortgage institutions (Fannie Mae/Freddie Mac) would formally recognize cryptocurrency as legitimate collateral for home loans. The unprecedented merger of decentralized digital assets with traditional property ownership creates a new financial paradigm where virtual wealth directly translates to physical property rights without fiat currency conversion.
Crypto Mortgages: Sen. Lummis Bill Enables Digital Asset Housing
📰 What Happened
Senator Cynthia Lummis introduced the '21st Century Mortgage Act' allowing Americans to use cryptocurrency holdings for mortgage applications without converting to USD. The bill supports FHFA Director William Pulte's directive to Fannie Mae and Freddie Mac to incorporate crypto in mortgage assessments. Currently, only 36.6% of Americans under 35 own homes, while 21% of US adults hold cryptocurrency, with two-thirds under age 45. The legislation aims to help younger Americans leverage digital assets for homeownership.
📖 Prophetic Significance
The integration of cryptocurrency into federally-backed mortgages represents a significant shift toward a cashless property system. The bill's focus on younger generations (66% of crypto holders under 45) aligns with prophecies about a new economic order that would seem beneficial but ultimately enables centralized control. By legitimizing crypto for major purchases like homes, this creates the infrastructure for Revelation 18's economic babylon where all buying and selling becomes digitally tracked. The involvement of government agencies (FHFA, Fannie Mae) shows how apparently helpful financial innovation can mask the implementation of prophesied control systems.