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U.S. Department of Commerce to Start Issuing Statistics on Blockchain to Enhance Transparency

U.S. Department of Commerce to Start Issuing Statistics on Blockchain to Enhance Transparency

Global Cryptocurrency
Release Time:
2025-08-26 21:47:02
0
BTCCSquare news:

The U.S. Department of Commerce announced plans to publish key economic data on blockchain technology, marking a significant step toward institutional adoption. Secretary Howard Lutnick revealed the initiative during a meeting with President Donald TRUMP and cabinet members, emphasizing transparency as a core objective.

Government-wide blockchain integration appears imminent, with the Commerce Department leading the charge. "We'll make GDP data available on-chain—this administration is committed to cryptographic transparency," Lutnick stated, referencing Trump's pro-crypto campaign stance.

Multiple agencies already leverage distributed ledger technology. The CFTC explores tokenized collateral, while Defense Department contractors use SIMBA Chain for supply chain tracking. These developments signal growing federal recognition of blockchain's utility beyond cryptocurrency markets.

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