- BTC surges 5.0% to $74,482 USD on US crypto legislation hopes.
- Fear & Greed Index drops to 21, ideal for Gulf fund entries.
- PIF commits $18.5 billion USD to crypto amid regulation push.
US Treasury Secretary Scott Bessent urged the Senate on April 14, 2026, to pass US crypto legislation. Bitcoin surged 5.0% to $74,482 USD per CoinMarketCap. Markets crave regulatory clarity.
Ethereum rose 7.9% to $2,367.10 USD. The Fear & Greed Index fell to 21, indicating extreme fear, via Alternative.me. Gulf sovereign funds view this as a prime entry point.
Gulf Funds Capitalize on US Crypto Legislation Momentum
US policy shifts propel Bitcoin to $74,482 USD. XRP gained 3.3% to $1.37 USD. BNB climbed 3.6% to $616.19 USD. USDT stayed at $1.00 USD.
Simon Williams, HSBC chief economist for MENAT, says the push aids GCC diversification. Saudi Arabia's PIF allocated 2% of its $925 billion USD assets—$18.5 billion USD—to digital assets in 2025, per its annual report. UAE's Mubadala invests in blockchain infrastructure.
Gulf funds manage $4.5 trillion USD total assets. US legislation cuts regulatory arbitrage risks. Fear & Greed at 21 sparks institutional buying.
Bessent Pushes Stablecoin Rules in US Crypto Legislation
Bessent testified before the Senate Banking Committee. He stressed stablecoin regulations and market structure reforms. The bill echoes FIT21 on custody and exchanges.
Reuters covered prior Treasury focus on consumer protections under Yellen in 2023. Bessent accelerates post-2024 elections. GCC regulators monitor to align frameworks.
Qatar Investment Authority holds crypto positions. Harmony blockchain grows fintech in Dubai's DMCC free zone. Qatar eyes deeper integration.
PIF and ADIA Boost Crypto Amid US Legislation Outlook
Bloomberg estimates PIF crypto exposure over $18 billion USD. ADIA pilots tokenized real estate. New US laws steady $1.2 trillion USD Gulf tech portfolios.
Noelle Acheson, crypto advisor at Genesis, states: "US regulations set global standards. Gulf funds gain from lower volatility."
Riyadh's SAMA runs 500+ blockchain pilots in its sandbox. Abu Dhabi's ADGM FSRA regulates virtual assets since 2018. Legislation links Gulf hubs to global compliance.
UAE VARA and SAMA Align with US Crypto Legislation
Dubai aims for 10% GDP from digital economy by 2031. VARA licensed 20+ crypto exchanges. US bill bolsters UAE alignments.
Saudi Arabia's SAMA pilots CBDC with UAE central bank. Bahrain's CBB oversees $2 billion USD crypto custody. Clear rules build token confidence.
Zach Pandl, head of research at Galaxy Digital, forecasts 15% growth in Gulf crypto allocations post-regulation. Oman pursues BRICS fintech links. GCC assets top $5 trillion USD.
US-Gulf Ties Advance Crypto Finance
US-Saudi pacts strengthen economic bonds. Crypto clarity curbs Iran's sanctions evasion. Gulf non-oil GDP hits 60%.
Aramco uses blockchain for supply chains. Legislation fights shadow banking. Doha hosts World Crypto Summit in May 2026.
PIF-backed startups raised $1.5 billion USD in Q1 2026. Mubadala's $500 million USD Web3 fund grows fast. Senate debates peak before June recess.
Senate Vote on US Crypto Legislation Nears
Senate aims for vote by May 15, 2026. It needs 60 votes to unlock $100 billion USD inflows. Gulf strategies depend on passage.
Bitcoin holds $74,000 USD support. Breakout past $80,000 USD fuels bull run. Rejection risks 20% drop.
