The U.S. Department of Commerce is gonna start publishing its economic stats, the big kahuna, GDP data, right on the blockchain.
The same tech that powers Bitcoin, now handling Uncle Sam’s financial digits.
Economic data at your fingertips
Now, Commerce Secretary Howard Lutnick laid it down straight at a Cabinet meeting.
“We’re putting the GDP on the blockchain because, hey, the President’s the crypto president, so it’s only natural.”
Make no mistake, it’s a brave move aiming at making government data as clear and open.
This push ain’t some fly-by-night gambit either. It’s part of a bigger plan to modernize how government numbers get out there, making them transparent and accessible without the usual red tape.
Imagine having economic data at your fingertips, fresh, secure, and ready to chew through like a good slice of New York pizza.
BREAKING: U.S. Commerce Secretary Lutnick announces that the U.S. will be issuing economic data on blockchain, beginning with GDP data.
The U.S. government is officially embracing blockchain technology.
— The Kobeissi Letter (@KobeissiLetter) August 26, 2025
Softer policies
The genesis of this? A team-up with David Sacks, the White House’s crypto guru, cooking up the details behind the scenes.
With this, the doors might swing wide open for other important stats, think inflation reports like CPI and PCE, to join the blockchain party soon.
Now, the backdrop’s spicy. Lutnick’s not shy about calling out the Fed, backing President Trump’s calls for lower interest rates to ease the pain on people and the economy alike.
Just last week, Powell gave a nod toward softer policies, sending crypto markets into a frenzy.
And speaking of drama, Lutnick didn’t hold back, labeling Federal Reserve Governor Lisa Cook a crook, following Trump’s unprecedented firing of her for alleged mortgage fraud. Big moves, no doubt.
In data we trust?
This week, all eyes turn to Thursday when the second-quarter GDP report lands. It’s gonna spill the beans on how America’s economy grew, including fresh data that slipped past earlier estimates.
The Federal Reserve Bank of Atlanta’s latest peek sees third-quarter GDP slowing to 2.2%, down a notch from before.
So, tossing GDP data onto the blockchain could revolutionize how we trust and use government info. It’s like swapping out your old rotary phone for a smartphone that lets you see everything in real-time.
But with great tech comes great questions, security, accuracy, and political wrangling all play roles in this high-stakes game.
The government’s making a bold play, and whether this blockchain bet pays off or ends in a messy sit-down remains the tale to watch. But it’s an entertaining tale for sure.
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Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
📅 Published: August 28, 2025 • 🕓 Last updated: August 28, 2025
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