U.S. Senate advances measure to curb Trump Iran war powers

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Senate curbs Trump Iran war powers

Highlights

The U.S. Senate voted 50 to 47 to advance a war-powers resolution potentially requiring Trump to seek congressional approval to continue military action in Iran.
Crypto experts view the Senate move as a potential bullish catalyst, with Andri Fauzan Adziima predicting a 6% to 10% Bitcoin rally if geopolitical tensions ease.
Despite the Senate action, Bitcoin remains mostly flat at around $76,500 in the past 24 hours, as markets focus on broader macroeconomic pressures.

Senate vote raises hurdle for continued military action

As reported by Reuters, the Senate votes 50 to 47 on Tuesday to advance a war-powers resolution that could force Trump to seek congressional authorization to continue the conflict with Iran, with four Republicans joining in support.

Lawmakers arguing for the measure say the U.S. Constitution gives Congress, not the president, the authority to send troops to war. If enacted, the bill could require Trump to withdraw U.S. forces from Iran unless lawmakers approve the military action.

The resolution still faces significant obstacles. It must pass the full Senate and the Republican-led House of Representatives, and Trump could veto it, which would require a two-thirds vote in both chambers to override.

Democratic Senator Tim Kaine of Virginia, who sponsors the bill, says on X that it has been 80 days since Trump launched what he calls an "illegal war" against Iran. Republican Senator Bill Cassidy also says on X that while he supports efforts to dismantle Iran's nuclear program, Congress has been left without sufficient information on Operation Epic Fury.

Crypto markets watch for lower geopolitical risk

The ongoing war and broader macroeconomic pressures, including rising inflation, hamper the crypto market's recovery, with digital assets trading largely sideways for almost four months. A potential easing of the conflict could support a rebound if economic conditions improve and investor appetite for higher-risk assets returns.

HashKey Group senior researcher Tim Sun tells Cointelegraph that the Senate move signals growing domestic political pressure over Trump's continued use of military force. He says the development is a mildly positive catalyst for risk assets overall, though markets remain more focused on wider macroeconomic changes.

Bitrue Research Institute research lead Andri Fauzan Adziima tells Cointelegraph the resolution's advance is a strong bullish catalyst for crypto and could trigger a 6% to 10% Bitcoin relief rally in the coming days. He says previous de-escalation headlines produced immediate Bitcoin gains of 3% to 5%, while Bitcoin's hold around $76,000 to $77,000 eases risk-off pressure and supports inflows.

Markets do not react immediately, with Bitcoin staying roughly flat at about $76,500 over the past 24 hours.

Our earlier coverage of Elizabeth Warren’s challenge to the OCC over special trust charters for crypto companies explained how she accused the regulator of letting firms operate like banks without meeting bank-level safeguards. We noted her request for charter applications and internal analyses as part of a broader push to curb regulatory arbitrage and address perceived risks to consumers and the banking system.

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