Trump Proposes 10% Credit Card Rate Cap Effective January 2026
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Interest Rate Cap Proposal: Trump announced on Truth Social a plan to cap credit card interest rates at 10% starting January 20, 2026, targeting current rates of 20-30%, which could significantly impact credit availability for millions of consumers.
- Legislative Support: The initiative is backed by Senators Bernie Sanders and Josh Hawley, indicating an active push for regulatory changes in consumer credit that may spark broader policy discussions.
- Industry Warnings: Leaders from the American Bankers Association warn that this proposal could lead to significant shifts in the lending market, potentially removing access to credit for millions as lending becomes unprofitable at such low rates.
- Market Shift Expectations: Financial analysts predict that if traditional credit tightens, there may be an increased demand for crypto-based credit systems, suggesting that decentralized finance platforms could emerge as alternative trading venues.
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.
