The House Budget Committee is moving forward with a spending blueprint that would funnel roughly $95 billion toward the ongoing US military engagement with Iran and election security measures under the SAVE Act. Chairman Jodey Arrington announced the markup for the FY2027 budget resolution on July 14, setting the stage for what promises to be one of the more contentious fiscal fights in recent memory.
US authorities have seized approximately $450 million in Iranian digital assets as part of the sanctions enforcement campaign, a figure that underscores just how deeply cryptocurrency has become entangled with geopolitical conflict.
The defense math and its market ripples
The Pentagon requested $80 billion back in June to cover military and operational expenses accumulated over a 110-day conflict with Iran. The budget resolution aims to provide that funding and more, with the total package reaching $95 billion when combined with election integrity provisions under the SAVE Act.
Bitcoin has been anything but calm through this period. Prices fluctuated significantly throughout 2026, reaching nearly $71,000 during moments when ceasefire hopes surfaced in mid-2026.
