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US Senate votes to limit Trump's Iran war powers; markets and Bitcoin largely unaffected.

Market News
23 Jun 2026
BeInCrypto
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Neutral
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The US Senate narrowly passed a War Powers Resolution 50-48 to restrict President Trump's military actions against Iran, marking a rare bipartisan move with four Republicans joining Democrats. However, the resolution is a concurrent one with no legal force and follows a recent US-Iran ceasefire that had already eased market tensions. As a result, key markets like the S&P 500, oil prices, and Bitcoin showed little reaction, with Bitcoin's recent price movements driven more by crypto-specific factors such as ETF outflows and Federal Reserve policy than geopolitical events. This suggests that investors currently view Bitcoin more as a liquidity and interest rate play rather than a geopolitical hedge.

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