US Commerce Department to Issue GDP Statistics on Blockchain

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2025-08-26 22:28:02

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Commerce Secretary Howard Lutnick unveiled plans to publish GDP and other economic data on blockchain during a White House cabinet meeting. The initiative positions blockchain as a government-wide data distribution tool, with Lutnick declaring President TRUMP the 'crypto president.' The move marks the most significant federal blockchain deployment under the Trump administration's pro-crypto policies.

The Commerce Department's blockchain push builds on existing pilots across federal agencies. Treasury has tested blockchain for grant distribution tracking, while the CFTC explores tokenized collateral in regulated markets. The Small Business Administration has evaluated the technology for loan program monitoring.

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