Senate submits resolution to curb Trump’s war on Iran
The U.S. Senate has voted on a resolution that could force President Donald Trump to seek congressional approval to continue his war with Iran.
The vote Tuesday on the procedural war powers bill passed 50-47, with four Republicans voting in favor. according to to Reuters.
Policymakers have argued that Congress, not the president, should have the power to send troops to war, as specified in the U.S. Constitution.
USA-Israel war with iran It lasted for almost 3 months, apply pressure The global economy has been hit hard by soaring fuel and energy prices since the closure of the Strait of Hormuz. The bill could force President Trump to withdraw U.S. troops from Iran if he does not get congressional approval.
But the bill still faces major obstacles. The bill must pass the full Senate and the Republican-led House of Representatives, which Trump could veto, and would require a two-thirds vote in both chambers to override it.
Pressure on Trump grows over Iran war
Democratic Senator and bill sponsor Tim Kaine of Virginia said X stated that 80 days have passed since Trump started the ‘illegal war’ against Iran.
“Congress has the power to put the brakes on this unwise conflict. Today should be the day the Senate tells the President to stop this disastrous war.”
Republican Senator Bill Cassidy agreedX writes: “While I support the administration’s efforts to dismantle Iran’s nuclear program, the White House and the Department of Defense have left Congress in the dark about Operation Epic Fury.”
Statement from Senator Tim Kaine. source: tim kaine
Potential Impact on Cryptocurrency Markets
Continuing conflict and Macroeconomic HeadwindsFactors such as rising inflation have hindered the cryptocurrency market’s recovery, with the digital asset trading mostly sideways for nearly four months.
A potential end to the war with Iran could spark a market rally if the economy recovers and confidence in high-risk investments returns.
relevant: Bitcoin has lost ground on $80,000, but three events could bring it back sooner than the market expects.
“This is a direct indication of the growing domestic political pressure on President Trump regarding his continued use of military force,” Tim Sun, a senior researcher at HashKey Group, told Cointelegraph on Wednesday.
“This signal acts as a relatively mild positive catalyst for risk assets overall rather than a decisive factor. The current market focus remains firmly on macroeconomic changes.”
He added, “If geopolitical tensions ease and oil prices fall further accordingly, it will lower valuation risks for all risky assets and foster a positive shift in the cryptocurrency market.”
Andri Fauzan Adziima, research director at Bitrue Research Institute, told Cointelegraph that progress on the war powers resolution is “a strong bullish catalyst for the cryptocurrency and is likely to trigger a sharp 6-10% relief rally in Bitcoin in the coming days.”
“Past de-escalation headlines triggered a 3-5% surge in BTC, with Bitcoin holding $76,000-77,000, easing risk-off pressure and improving flows,” he added.
As of this writing, the market has not reacted and Bitcoin has remained around $76,500 for the past 24 hours.
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