The United States government has officially begun to publish gross domestic (GDP) data on public block chains. According to Bloomberg, the announcement of the Department of Commerce on Thursday brings Blockchain to the nucleus of US economic reports, causing GDP to be available in nine networks, including Bitcoin, Ethereum and Solana.
Trade officials emphasized that blockchain deployment is not a replacement for traditional economic data launches, but “another way” for distribution, according to Bloomberg. However, the measure has a significant symbolic weight, since it effectively places the government’s approval seal on technology once seen with deep skepticism in Washington.
“The entire administration has accepted this,” said Mike Cahill, executive director of Douuro Labs, who confirmed that he has been working with the Department of Commerce on initiative during the last two months. “With today’s announcement, we are now in a world where government data live in blockchains, and market participants can participate in real time.”
The blockchain initiative implies publishing cryptographic GDP data hashes, which serve as digital footprints to verify the integrity of the information. While initially limited the scope, the officials of the Department of Commerce confirmed that the administration of President Donald Trump intends to expand the program even more, Bloomberg reported.
Secretary of Commerce Howard Lutnick headed the project, telling Trump earlier this week that statistics would be broadcast through Blockchain “because you are the president of the cryptography.” Lutnick has previously suggested the remodeling of GDP reports by eliminating the impact of government spending.
The initiative reflects a strong deviation from the previous administration. Under former President Joe Biden, regulators adopted a cautious posture towards cryptography, often colliding with exchanges and imposing restrictions on digital assets. In contrast, Trump has moved quickly to integrate Bitcoin into government policy. Since he assumed the position, he has created a bitcoins reserve of the United States, coins stored as Ether and Solana, signed a legislation that regulated the stable and the designated cryptographic regulators that ended the compliance actions against Coinbase.
Trump’s family has also deepened his presence in the digital asset space, supporting companies such as World Liberty Financial. The growing political influence of the industry is evident: cryptographic companies strongly donated to the Trump re-election campaign and contributed more than $ 133 million to Super PAC that support Pro-Crypto candidates in 2024, according to OpenCrets.
By taking advantage of public blockchains, the Department of Commerce joins other agencies that experience with cryptographic technology. The National Security Department has considered blockchain for the detection of airport passengers, while the California DMV has digitized Crypto car titles, according to Bloomberg.
As Trump is positioned as the “cryptographic president”, the adoption of Blockchain for GDP distribution indicates a deep change in the economic policy of the United States, and consolidates Bitcoin even more as a powerful political and financial force in Washington.