- 1. PIF ($925B USD) and Mubadala ($284B USD) monitor Gulf States Gaza Crypto Probe.
- 2. BTC reaches $76,181 USD; Fear & Greed at 26 flags volatility.
- 3. VARA, CMA demand Sharia-compliant blockchain for Gaza pilots.
US Senators Jeff Merkley and Elizabeth Warren spearhead the Gulf States Gaza Crypto Probe targeting the Trump-backed Board of Peace's crypto plan for Gaza reconstruction. Saudi PIF and UAE Mubadala monitor developments closely. Bitcoin trades at $76,181 USD, per CoinGecko.
PIF and Mubadala's Gaza Reconstruction Interests
Saudi Public Investment Fund (PIF) manages $925 billion USD (SAR 3.48 trillion) in assets under management, per PIF's latest report. PIF eyes Gaza projects to advance Vision 2030 diversification. The fund focuses on infrastructure and technology sectors.
Mubadala Investment Company oversees $284 billion USD, according to its 2024 disclosures. Mubadala targets real estate and energy in post-conflict zones. Both funds require Sharia-compliant structures.
PIF's fintech unit Sarwa Co. tests blockchain for funding transparency. Mubadala supports AWS cloud services for secure analytics. The Crypto Fear & Greed Index stands at 26 (extreme fear), via Alternative.me.
Senators Target Trump Crypto Plan Risks
Senators Merkley, Warren, Van Hollen, and Sanders scrutinize token issuance and illicit finance risks. Warren highlighted crypto corruption in prior letters to regulators, per her Senate site.
The probe reviews Ethereum smart contract flaws, where ETH trades at $2,357 USD (CoinGecko). GCC investors demand audited, permissioned blockchains aligned with murabaha principles for asset-backed tokens.
GCC Regulators Guide Crypto Involvement
Dubai's VARA licenses virtual asset providers for Gaza-like pilots. Abu Dhabi's ADGM FSRA tests tokenized real estate in sandboxes.
Saudi CMA approved spot Bitcoin ETFs in 2024, supporting PIF goals. Qatar's QIA evaluates via similar tools. SAMA requires stablecoin reserves in SAR.
VARA mandates quarterly proof-of-reserves audits to counter AML concerns raised by senators, per VARA guidelines.
Blockchain Tracks Gaza Aid Flows
Gaza's plan uses DLT for immutable tracking. Smart contracts release funds on milestones, curbing corruption. Ethereum integrates ZKPs for donor privacy.
Reconstruction costs top $50 billion USD, estimates UNCTAD's 2024 report. Gulf firms compare to PIF's NEOM at $500 billion SAR.
Mubadala committed $10 billion USD to US DeFi tech firms. PIF collaborates with Solana on Vision 2030 payments.
Volatility Prompts Gulf Caution
Bitcoin gained 2.3% to $76,181 USD amid probe news. Ethereum fell 1.1% to $2,357 USD. Gulf funds rely on Glassnode on-chain data for diligence.
QIA devotes 5% of its $475 billion USD portfolio to alternatives like crypto infrastructure, per QIA filings. Probe delays may shift $20 billion USD to sukuk, Bloomberg reports.
Probe Shapes GCC Fintech Path
The Gulf States Gaza Crypto Probe tests framework interoperability. Success boosts VARA stablecoins for payments. Issues favor CMA tokenized sukuk.
PIF deploys $40 billion USD yearly into AI-blockchain. Mubadala's $5 billion USD real estate arm eyes tokenized Gaza assets.
PwC Middle East forecasts $100 billion USD in tokenized markets by 2030.
Sovereign Funds' Next Moves
Gulf funds weigh risks against gains. US clarity could free $10-15 billion USD for reconstruction. PIF and Mubadala favor DIFC and ADGM pilots.
GCC blockchain adoption rose 40% YoY, KPMG reports. The probe spurs Sharia innovations, cementing regional leadership.
Frequently Asked Questions
What is the Gulf States Gaza Crypto Probe?
US Senators Merkley, Warren, Van Hollen, and Sanders investigate Trump-backed Board of Peace's Gaza crypto plan. PIF and Mubadala assess impacts as BTC hits $76,181 USD.
Why do Gulf funds monitor the probe?
Supports Vision 2030 goals; blockchain aids transparency under VARA. Fear & Greed at 26 underscores volatility.
How does the probe impact GCC crypto?
Shapes VARA, CMA token rules. GCC stresses audited, Sharia-compliant smart contracts.
What role does blockchain play in reconstruction?
Smart contracts ensure milestone-based funding for NEOM-scale projects. Mubadala funds supporting tech.
