Hamas officially dissolved the Government Emergency Committee that has ruled Gaza since 2007, announcing the transition to a technocratic body called the National Committee for the Administration of Gaza. The move, announced on July 6, represents the most significant political restructuring in the territory in nearly two decades.
Hamas took control of Gaza in June 2007 after winning legislative elections the previous year and subsequently ousting Fatah from the territory. The dissolution aligns with a US-brokered peace plan reportedly agreed upon in October 2025. Israel has already rejected the move, calling it a “stunt.” Core issues like disarmament and security transitions remain completely unaddressed. The United Nations has backed the broader peace initiative.
Hamas and cryptocurrency have a well-documented, complicated history. The group turned to digital assets as traditional banking channels were systematically cut off by international sanctions. Bitcoin and Tether (USDT) became fundraising tools, with the Tron network serving as a particularly common rail for moving USDT due to its low transaction fees.
In 2023, US authorities executed a forfeiture of approximately $2M in assets connected to BuyCash, an exchange linked to Hamas-related entities. Multiple rounds of US sanctions have targeted wallet addresses and entities associated with Hamas fundraising.
