rewrite this title Trump-Linked Gaza Plan Swaps Land for Blockchain Tokens

The plan outlines the US taking control of the region under a temporary trusteeship, during which displaced Palestinians would receive digital land tokens in exchange for giving up their property.

According to a report by The Washington Post, the document, titled the Gaza Reconstitution, Economic Acceleration and Transformation Trust (or GREAT Trust), describes a system in which land would be divided into digital units recorded on a blockchain.

These digital assets would then be offered to investors, who could trade them, while the funds raised would be used for rebuilding and humanitarian work.

The draft proposes creating six to eight new urban centers described as “smart cities”, where everything from services to economic activity would be managed through AI-powered systems. These cities would be built to house Palestinians who choose to stay.

Alternatively, the plan encourages relocation, which offers those who leave the territory $5,000, one year of food support, and rent coverage for up to four years.

For residents who give up their land rights but remain in Gaza, tokens could be redeemed for either cash or an apartment in the planned developments. The document claimed that the project would be less costly if more people opted to relocate, which estimates savings of around $23,000 per person in such cases.

Meanwhile, the Commodity Futures Trading Commission (CFTC) recently introduced a new set of rules that could allow international crypto exchanges to legally engage with US customers. What do the rules include? Read the full story.