Geopolitics Alpha

Crypto Credit Cards Are the New Way to Move Dirty Money, No Questions Asked

Published . Updated .

Key takeaways

  • Hundreds of lightly regulated crypto card issuers let criminals and sanctions evaders spend dirty money worldwide, and verifiable digital IDs could close the loophole.
  • Exposed: IBIT, XLF, COIN, MSTR, MARA
  • Market reaction: IBIT +1.3% on the day; XLF +0.6% on the day; MARA +4.0% on the day

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Crypto Credit Cards Are the New Way to Move Dirty Money, No Questions Asked

Hundreds of lightly regulated crypto card issuers let criminals and sanctions evaders spend dirty money worldwide, and verifiable digital IDs could close the loophole.

Directly affected

  • No company is named in this report.

Indirectly affected

  • IBIT iShares Bitcoin Trust-7.9% 30d

    iShares Bitcoin Trust: it follows bitcoin. Linked by “crypto” (crypto) in this story.

  • XLF Financial Select Sector SPDR+1.0% 18d

    Financial Select Sector SPDR: it holds banks. Linked by “credit” (banks) in this story.

  • COIN Coinbase Global-29.1% 30d

    Coinbase Global (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story.

  • MSTR Strategy-16.1% 30d

    Strategy (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story.

  • MARA MARA Holdings-34.5% 7d

    MARA Holdings (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story.

  • RIOT Riot Platforms-10.1% 30d

    Riot Platforms (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story.

  • JPM JPMorgan Chase-0.1% 30d

    JPMorgan Chase (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “credit” (banks) in this story.

  • BAC Bank of America-11.4% 30d

    Bank of America (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “credit” (banks) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
IBIT+8.70%+2.84%base+1.30%after closeafter closeafter close
XLF+1.53%-1.92%base+0.57%after closeafter closeafter close
COIN+14.70%+1.98%base+3.16%after closeafter closeafter close
MSTR+17.71%+6.57%base+1.08%after closeafter closeafter close
MARA-6.39%-13.67%base+3.95%after closeafter closeafter close
RIOT-14.90%-7.60%base+1.05%after closeafter closeafter close
JPM+2.98%-2.21%base+0.38%after closeafter closeafter close
BAC+1.83%-2.53%base-0.08%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Crypto Credit Cards Are the New Way to Move Dirty Money, No Questions Asked The National Interest

Source: The National Interest

The price since 11 Nov 2026: iShares Bitcoin Trust ETF (IBIT) versus the S&P 500

CompanyWhenMoveStatus
Bank Of America (BAC)that day-0.08%final price
Bank Of America (BAC)three days earlier-2.53%final price
Bank Of America (BAC)five days earlier+1.83%final price
Coinbase Global (COIN)that day+3.16%final price
Coinbase Global (COIN)three days earlier+1.98%final price
Coinbase Global (COIN)five days earlier+14.70%final price
iShares Bitcoin Trust ETF (IBIT)that day+1.30%final price
iShares Bitcoin Trust ETF (IBIT)three days earlier+2.84%final price
iShares Bitcoin Trust ETF (IBIT)five days earlier+8.70%final price
Jpmorgan Chase (JPM)that day+0.38%final price
Jpmorgan Chase (JPM)three days earlier-2.21%final price
Jpmorgan Chase (JPM)five days earlier+2.98%final price
MARA Holdings (MARA)that day+3.95%final price
MARA Holdings (MARA)three days earlier-13.67%final price
MARA Holdings (MARA)five days earlier-6.39%final price
Strategy (MSTR)that day+1.08%final price
Strategy (MSTR)three days earlier+6.57%final price
Strategy (MSTR)five days earlier+17.71%final price
Riot Platforms (RIOT)that day+1.05%final price
Riot Platforms (RIOT)three days earlier-7.60%final price
Riot Platforms (RIOT)five days earlier-14.90%final price
Select Sector Spdr Tr (XLF)that day+0.57%final price
Select Sector Spdr Tr (XLF)three days earlier-1.92%final price
Select Sector Spdr Tr (XLF)five days earlier+1.53%final price

Congressional trades in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around iShares Bitcoin Trust ETF (IBIT)

Companies mentioned with this story

  • IBIT iShares Bitcoin Trust ETF

    For “Crypto Credit Cards Are the New Way to Move Dirty Money, No Questions Asked,” iShares Bitcoin Trust ETF (IBIT) is linked, with no stored direction, medium confidence. Reason on file: iShares Bitcoin Trust: it follows bitcoin. Linked by “crypto” (crypto) in this story

  • XLF Select Sector Spdr Tr

    For “Crypto Credit Cards Are the New Way to Move Dirty Money, No Questions Asked,” Select Sector Spdr Tr (XLF) is linked, with no stored direction, medium confidence. Reason on file: Financial Select Sector SPDR: it holds banks. Linked by “credit” (banks) in this story

  • COIN Coinbase Global

    Coinbase Global (COIN) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Crypto Credit Cards Are the New Way to Move Dirty Money, No Questions Asked.” Reason on file: Coinbase Global (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story

  • MSTR Strategy

    In “Crypto Credit Cards Are the New Way to Move Dirty Money, No Questions Asked,” Strategy (MSTR) is linked, with no stored direction, medium confidence. Reason on file: Strategy (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story

  • MARA MARA Holdings

    MARA Holdings (MARA) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Crypto Credit Cards Are the New Way to Move Dirty Money, No Questions Asked.” Reason on file: MARA Holdings (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story

  • RIOT Riot Platforms

    Riot Platforms (RIOT) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Crypto Credit Cards Are the New Way to Move Dirty Money, No Questions Asked.” Reason on file: Riot Platforms (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story

  • JPM Jpmorgan Chase

    Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Crypto Credit Cards Are the New Way to Move Dirty Money, No Questions Asked.” Reason on file: JPMorgan Chase (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “credit” (banks) in this story

  • BAC Bank Of America

    For “Crypto Credit Cards Are the New Way to Move Dirty Money, No Questions Asked,” Bank Of America (BAC) is linked, with no stored direction, medium confidence. Reason on file: Bank of America (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “credit” (banks) in this story

iShares Bitcoin Trust ETF (IBIT)

On 11 Nov 2026, “Crypto Credit Cards Are the New Way to Move Dirty Money, No Questions Asked” is the story that connects iShares Bitcoin Trust ETF (IBIT) to this story.

What ties iShares Bitcoin Trust ETF (IBIT) to the headline is this: iShares Bitcoin Trust: it follows bitcoin. Linked by “crypto” (crypto) in this story

A second company, Select Sector Spdr Tr (XLF), is listed for a different reason: Financial Select Sector SPDR: it holds banks. Linked by “credit” (banks) in this story

Price levels for iShares Bitcoin Trust ETF (IBIT)

COIN traded between 129.47 and 185.47 across 20 sessions. The latest close on file is 132.11. IBIT traded between 43.03 and 48.07 across 20 sessions. The latest close on file is 44.03. XLF traded between 52.82 and 56.02 across 16 sessions. The latest close on file is 55.07.

A simple score for iShares Bitcoin Trust ETF (IBIT)

46 out of 100

“Crypto Credit Cards Are the New Way to Move Dirty Money, No Questions Asked” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.