The US government has officially launched the release of GDP data on public blockchains. According to Bloomberg, a Commerce Department announcement on Thursday will bring blockchain to the core of the US economic report, making GDP available to nine networks including Bitcoin, Ethereum and Solana.
According to Bloomberg, Commerce officials emphasized that blockchain deployment is not a replacement for traditional economic data releases, but a “another path” for distribution. However, the move brings considerable symbolic weight as it effectively approves the seal of government approval in deep skepticism in Washington.
“The whole administration has accepted this,” said Mike Cahill, CEO of Douro Labs. “With today’s announcement, we are in a world where government data lives on blockchain and market participants can participate in real time.”
The blockchain initiative includes posting cryptographic hashs of GDP data, which serves as a digital fingerprint to verify the integrity of the information. Although the scope was initially limited, Commerce Department officials confirmed that President Donald Trump’s administration intends to expand the program further, Bloomberg reported.
Commerce Secretary Howard Lutnick spearheaded the project and told Trump earlier this week that statistics will be issued via the blockchain, “Because you’re a crypto president.” Lutnick has previously proposed to restructure its reporting of GDP by removing the impact of government spending.
This initiative reflects a sharp departure from previous administrations. Under former President Joe Biden, regulators adopted a cautious attitude towards crypto, often clashing with exchanges and imposing restrictions on digital assets. In contrast, Trump moved quickly to integrate Bitcoin into government policies. Since taking office he has appointed a US Bitcoin Reserve, creating stockpiled coins such as ether and solana, signing laws regulating standard practices, and appointed a crypto-friendly regulator that has ended enforcement action against Coinbase.
Trump’s family has also grown its presence in the digital assets sector supporting ventures such as Liberty Financial around the world. The growing political influence of the industry is clear. The crypto company made large donations to Trump’s reelection campaign, and in 2024 donated more than $133 million to Super PACs supporting Procrypt candidates.
By leveraging public blockchain, the Ministry of Commerce will join other institutions experimenting with cryptographic technology. According to Bloomberg, the Department of Homeland Security is considering a blockchain for passenger screening at airports, while California’s DMV is digitizing cryptographic car titles.
As Trump positions himself as a “crypto president,” the adoption of a blockchain with a GDP distribution marks a deep shift in US economic policies and further strengthens Bitcoin as a powerful political and financial force in Washington.
Source: https://bitcoinmagazine.com/markets/historic-first-u-s-government-posts-gdp-data-on-bitcoin-blockchain
