According to @KobeissiLetter, American Express stock (AXP) fell 4% intraday after President Trump called for a 10% cap on credit card interest rates on January 12, 2026 (source: @KobeissiLetter). According to @KobeissiLetter, Trump stated that firms not complying with the 10% cap would be in violation of the law (source: @KobeissiLetter). According to @KobeissiLetter, the post did not reference cryptocurrencies such as BTC or ETH, and no direct crypto market linkage was provided (source: @KobeissiLetter).

According to @KobeissiLetter, President Trump has called for a 10% cap on credit card interest rates for one year, effective January 20. According to @KobeissiLetter, credit card company stocks will not be able to react to this announcement until Monday, creating a 50+ hour window before price discovery. According to @KobeissiLetter, either millions of credit cards could be cancelled or credit card companies could take a large hit, framing a negative earnings and valuation setup for issuers at the next market open. According to @KobeissiLetter, given midterm election season, the expectation is that cancellations will be avoided, implying pressure on credit card company profitability when markets reopen.