When assessing a person for approval of a federal mortgage loan in the US, they can now count crypto as an asset when determining risk. Part of the issue that caused the 2008 housing crisis was mortgages being approved that had higher risk, and many such loans went into default, unable to be paid back. Crypto being so volatile, this decision will likely lead to increased defaults.

[–] PurrLure@hexbear.net 11 points 10 hours ago

It would be absolutely cursed if the best way to get a home in America was to copy and paste a bunch of ape nft screencaps and pretend you have a million dollar collection.

Who am I kidding, they'd probably count that as banking fraud and send your ass to jail within months.

[–] WafflesTasteGood@hexbear.net 21 points 14 hours ago

Getting a massive business loan because i convinced the lender i had an ultra delux rare ape nft.