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Senate Advances Iran War Powers Resolution 50-47; Bitcoin Holds $76.5K Amid De-escalation Optimism

GateNews

Geopolitics Market Analysis Stocks

2026-05-20 20:03:25

BTC0.97%

The U.S. Senate voted on Tuesday (May 20) to advance a war powers resolution challenging President Trump's military operations against Iran by a 50-47 margin, with four Republican senators joining Democrats in the procedural move. This marked the eighth such attempt; all seven prior resolutions had been defeated.

According to Bitrue Research Institute, the vote may ease geopolitical risk pressures on crypto markets. Analyst Andri Fauzan Adziima told Cointelegraph that de-escalation signals could trigger a 6-10% Bitcoin relief rally, with BTC trading around $76,500 at the time of writing.

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