Trump Proposes 10% Credit Card Interest Cap Amid Banking Lobby Opposition
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 11 2026- Interest Rate Cap Proposal: Donald Trump has proposed a cap on credit card interest rates at 10%, aiming to protect consumers from alleged issuer 'rip-offs', yet it faces strong opposition from the banking lobby, which may hinder its feasibility.
- Political and Financial Impact: This proposal is viewed as a campaign promise, and if enacted, it could significantly alter consumer debt dynamics, although it has not yet directly impacted the crypto markets.
- Industry Response: The credit card industry and major banking institutions are likely to oppose this policy due to its potential impact on their revenue models and interest strategies, leading to increased tension within the sector.
- Exploration of Alternative Lending: While there are currently no signs of the proposal affecting the crypto market, historically, interest rate caps could lead banks to restrict credit availability, prompting exploration into alternative lending platforms, particularly in the crypto space.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
