The United States Senate has voted to advance a war powers resolution that could require President Donald Trump to seek congressional authorization to continue the conflict with Iran. The procedural vote passed by 50 to 47, with bipartisan support. The ongoing war has contributed to economic pressures, and analysts suggest its potential de-escalation could positively impact risk assets, including cryptocurrency markets.
The United States Senate voted to advance a resolution that could force U.S. President Donald Trump to seek congressional authorization for the ongoing war with Iran. According to reports, the procedural measure passed by 50 to 47, with four Republicans also voting in favor.
The conflict has lasted almost three months and has put pressure on global economies. The bill must still pass the full Senate and the Republican-led House of Representatives, and President Trump could veto it.
Democratic Senator and bill sponsor Tim Kaine of Virginia said on X that Congress has the power to stop the conflict. “Congress has the power to slam the brakes on this unwise conflict. Today should be the day when the Senate tells the President to stop his disastrous war.”
Republican Senator Bill Cassidy agreed, stating the White House and Pentagon had left Congress uninformed on the operation.
Analysts discussed the potential market implications of the development. HashKey Group senior researcher Tim Sun stated this signal serves as a relatively mild positive catalyst for risk assets.
“If geopolitical conflicts ease and subsequently drive oil prices further down, it will lower the valuation risk across all risk assets and foster a positive turnaround in the crypto market,” he added.
Andri Fauzan Adziima, research lead at the Bitrue Research Institute, told reporters the resolution’s advance is a strong bullish catalyst for crypto. He stated past de-escalation headlines triggered instant price spikes for Bitcoin.
Markets had not reacted immediately, with Bitcoin trading flat at around $76,500. The ongoing conflict and macroeconomic headwinds have hampered the crypto market’s recovery for months.
