Democratic US lawmakers have launched a formal investigation into an Iranian drone strike that killed six American service members. The escalating US-Iran conflict in the Gulf is rattling crypto markets and could trigger a new wave of sanctions targeting digital assets. Bitcoin saw short-term price dips toward $63,000 as markets digested the escalating tensions in the region. Iran has been documented using cryptocurrencies to evade US sanctions, particularly for military procurement, which could lead to stricter compliance rules for exchanges and wallet providers.
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