Visa Moves to Close Meme Coin Credit Card Rewards Loophole

Crypto Insight Summary: After banks lost their push for tighter stablecoin rules in the failed Clarity Act, JP Morgan scored a narrower win as Visa moves to stop meme coin purchases from being coded as ordinary "digital media" and earning card rewards. Crypto Insight Analysis: Direction: Bearish Meme Coins Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Reduced accessibility for meme coin purchases via credit cards may dampen short-term demand.