- The U.S. Senate has voted to advance a resolution requiring President Trump to seek congressional approval to continue the war with Iran.
- Lawmakers argue this power belongs to Congress, putting political pressure on the administration over its military actions.
- Analysts suggest easing geopolitical tensions could serve as a positive catalyst for risk assets like cryptocurrency.
The U.S. Senate voted Tuesday to advance a war-powers resolution that could force President Donald Trump to seek congressional authorization for the ongoing conflict with Iran, according to reports. The procedural vote passed 50-47, with four Republicans joining Democrats, reflecting significant bipartisan concern over executive war powers. Consequently, this move challenges the White House’s authority and underscores a constitutional debate about which branch of government holds the power to declare war.
Democratic Senator Tim Kaine, the bill’s sponsor, said on X that Congress must “slam the brakes on this unwise conflict.” Republican Senator Bill Cassidy similarly agreed, criticizing the administration for leaving Congress “in the dark on Operation Epic Fury.” However, the resolution still faces major hurdles in the Republican-led House and a potential presidential veto.
Meanwhile, the nearly three-month conflict has contributed to global economic pressure through surging fuel prices, hampering the recovery of riskier assets like cryptocurrency. HashKey Group researcher Tim Sun noted the Senate action is a “mild positive catalyst for risk assets,” while Andri Fauzan Adziima of the Bitrue Research Institute suggested it could spark a relief rally for Bitcoin. Consequently, any de-escalation could boost market confidence, though digital assets remained flat immediately following the news.
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