The US government will now accept crypto as collateral for mortgages and the Fartcoin memes have begun 💀

Image for article: The US government will now accept crypto as collateral for mortgages and the Fartcoin memes have begun 💀

Appreciate that you live in this moment of history.

Truly savor it.

That's right, the U.S. government is now accepting cryptocurrency in its assessment of "single-family mortgage loan risk."

This means that Fannie Mae and Freddie Mac will accept your crypto holdings as collateral for a loan when you buy a house.

While Bitcoin is the industry leader in crypto, the Federal Housing Finance Agency doesn't specify which type of crypto will be accepted. This led people to think of the funniest possible loan application scenarios 👇

Yes, Fartcoin is a real cryptocurrency, and it's enjoying a boost from all the memes.

(Like I said, savor that God chose this time and place for you to live!)

A few more memes before I see my way out the door:


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