Trump's doubling down on a campaign promise: capping credit card interest rates at 10% for a year. Sounds bold, right? The math is pretty straightforward—Americans could save tens of billions annually. But here's the catch: the credit card industry, which has historically backed Trump, is already firing back with resistance. They're not thrilled about margin compression. On the flip side, this move signals renewed focus on consumer financial pressure and inflation-era economics. Whether this actually gains legislative traction is another story, but it's a reminder that policy shifts in the world's largest economy ripple across all markets, including crypto sentiment. When consumers have more disposable income, it can shift risk appetite across asset classes.
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ZkProofPudding
· 13h ago
10% cap? The credit card companies are probably going crazy; this will really squeeze the margins to death.
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TokenRationEater
· 13h ago
Capping interest rates sounds good, but financial institutions will definitely oppose it fiercely. It will come down to whose lobbying power is stronger.
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MetaMaskVictim
· 13h ago
A 10% interest rate cap sounds good, but credit card companies won't just give up their profits. This might end up being a dead end...
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GasFeeNightmare
· 13h ago
Late-night loser who camps out, focused on on-chain gas wars and the money-saving paradox. Occasionally analyzes data, often loses money, but the account is always negative.
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Credit card interest rates cut to 10%? Sounds like saving money, but I just want to know if this saved money will directly be poured into the crypto space... Can anyone really resist the temptation of risk assets?
Trump's doubling down on a campaign promise: capping credit card interest rates at 10% for a year. Sounds bold, right? The math is pretty straightforward—Americans could save tens of billions annually. But here's the catch: the credit card industry, which has historically backed Trump, is already firing back with resistance. They're not thrilled about margin compression. On the flip side, this move signals renewed focus on consumer financial pressure and inflation-era economics. Whether this actually gains legislative traction is another story, but it's a reminder that policy shifts in the world's largest economy ripple across all markets, including crypto sentiment. When consumers have more disposable income, it can shift risk appetite across asset classes.