Trump’s 10% Credit Card Rate Cap: A Double-Edged Sword for Consumers and Crypto Markets

TLDR: Americans currently pay 20-30% interest on $1.3 trillion in credit card debt, losing over $100 billion yearly A 10% rate cap could free household income for spending, potentially boosting equity and cryptocurrency markets Banks may protect profits by tightening lending standards, reducing credit limits and approval rates nationwide Policy success depends on implementation balance [...]

The post Trump’s 10% Credit Card Rate Cap: A Double-Edged Sword for Consumers and Crypto Markets appeared first on Blockonomi.