Written by Martin Young, Staff Writer. Reviewed by Felix Ng, Staff Editor.
Written by Martin Young, Staff Writer.
Reviewed by Felix Ng, Staff Editor.
US Senate advances resolution to curb Trump’s Iran war powers
Latest NewsPublishedMay 20, 2026
Global Conflict and Crypto Market Recovery
The ongoing conflict between the US and Iran has been affecting global economies, leading to surging fuel and energy prices. This, in turn, has put pressure on the crypto market, causing digital assets to trade mostly sideways for almost four months. However, any potential end to the war with Iran could ignite a market rally if economies recover and confidence in higher-risk investments returns.
The US Senate has voted to advance a resolution that could force President Trump to seek congressional authorization to continue the country’s war with Iran. This move could have a significant impact on the crypto market, as easing geopolitical tensions could drive oil prices down and lower the valuation risk across all risk assets. The resolution, sponsored by Democratic Senator Tim Kaine, aims to curb the president’s war powers and ensure that Congress has a say in the decision to send troops to war.
Potential Impact on Crypto Market
The advance of the war powers resolution could be a strong bullish catalyst for crypto, potentially sparking a sharp relief rally in the coming days. According to researchers, past de-escalation headlines have triggered instant price spikes, and with Bitcoin holding steady, this could ease risk-off pressure and boost flows. The crypto market is closely watching the developments, as a resolution to the conflict could lead to increased earning opportunities and higher passive income for investors.
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Pressure mounts on Trump over Iran war
Democratic Senator and bill sponsor Tim Kaine of Virginia said on X that it had been 80 days since Trump launched his “illegal war” against Iran.
“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, writing on X: “While I support the administration’s efforts to dismantle Iran’s nuclear program, the White House and Pentagon have left Congress in the dark on Operation Epic Fury.”
Statement from Senator Tim Kaine. Source: Tim Kaine
Potential impact on crypto markets
The ongoing conflict and macroeconomic headwinds, such as rising inflation, have hampered the crypto market’s recovery, with digital assets trading mostly sideways for almost four months.
Any potential end to the war with Iran could ignite a market rally if economies recover and confidence in higher-risk investments returns.
Related: Bitcoin lost its hold on $80K, but three events may send it back sooner than markets expect
HashKey Group senior researcher Tim Sun told Cointelegraph on Wednesday that this “directly indicates that Trump is facing mounting domestic political pressure regarding his continued use of military force.”
“This signal serves as a relatively mild positive catalyst for risk assets as a whole, rather than a decisive factor. The market’s current focus remains firmly on macroeconomic shifts.”
“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 Cointelegraph that the war powers resolution’s advance is “a strong bullish catalyst for crypto, likely sparking a sharp 6% to 10% Bitcoin relief rally in the coming days.”
“Past de-escalation headlines triggered instant 3% to 5% BTC spikes, and with Bitcoin holding $76K to $77K, this eases risk-off pressure, and boosts flows,” he added.
Markets had not reacted at the time of writing, with Bitcoin remaining flat at around $76,500 over the past 24 hours.
Magazine: Guide to the top and emerging global crypto hubs: Mid-2026
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
- Donald Trump
- Congress
- Iran
- Industry
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