This marks the first time in history that digital assets could be legally recognized as mortgage collateral at the federal level. Unlike previous crypto-banking integrations, this bill specifically targets housing finance and doesn't require asset conversion to traditional currency. This creates an unprecedented bridge between decentralized digital wealth and traditional property ownership.
Wyoming Digital Asset Bill: Crypto Mortgage Law Reshapes Wealth
📰 What Happened
US Senator Cynthia Lummis (R-WY) has introduced the 21st Century Mortgage Act, allowing cryptocurrency to be used as collateral for single-family home loans. The bill follows FHFA guidance from June 2025 and aims to increase homeownership among younger Americans, as Census data shows only 36% of those under 35 own homes. The legislation would enable crypto holders to use digital assets directly as collateral without converting to fiat currency.
📖 Prophetic Significance
Wyoming's emergence as a crypto-finance pioneer echoes biblical patterns of unexpected places becoming centers of economic transformation. The 36% homeownership rate among young Americans parallels Revelation 18's description of economic systems that create dependency rather than ownership. This legislation's potential to reshape wealth storage and transfer systems aligns with Daniel 12:4's prophecy of increased knowledge and rapid movement in the last days. The merger of digital assets with physical property rights creates new mechanisms for controlling wealth that weren't possible in previous generations.