The US government has officially started publishing raw data on interior products (GDP) on public blockchains. According to Bloomberg, the announcement of the trade department Thursday brings blockchain to the heart of American economic reports, making the GDP available on nine networks, including Bitcoin, Ethereum and Solana.
According to Bloomberg, trade officials stressed that the deployment of blockchain does not replace the versions of traditional economic data, but rather “another avenue” for distribution. This decision, however, has a significant symbolic weight, because it effectively places the government’s approval seal on technology formerly considered with deep skepticism in Washington.
“The whole administration has adopted this,” said Mike Cahill, Managing Director of Douro Labs, who confirmed that he has been working with the trade department on the initiative for two months. “With today’s announcement, we are now in a world where government data live on blockchains, and market players can participate in real time.”
The Blockchain initiative consists in publishing cryptographic hasd of GDP data, which serve as digital fingerprints to verify the integrity of the information. Although limited in the initially scope, officials of the Commerce Department confirmed that the administration of President Donald Trump intended to further broaden the program, Bloomberg reported.
Commerce secretary, Howard Lunick, directed the project, telling Trump earlier this week that statistics would be issued via the blockchain “because you are the president of cryptography”. Lutnick previously suggested reshaping GDP reports by removing the impact of public spending.
The initiative reflects a lively gap from the previous administration. Under the former president Joe Biden, the regulators adopted a cautious position towards the crypto, often colliding with exchanges and imposing restrictions on digital assets. On the other hand, Trump quickly decided to integrate bitcoin into government policy. Since its entry into office, it has created an American Bitcoin reserve, stored parts such as Ether and Solana, has signed legislation regulating stablecoins and appointed crypto friendly regulators that ended the application measures against Coinbase.
Trump’s family has also deepened its presence in the space of digital assets, supporting companies such as World Liberty Financial. The growing political weight of the industry is obvious: cryptographic companies have greatly gave Trump’s re-election campaign and contributed more than $ 133 million to the Super Pac supporting pro-Crypto candidates in 2024, according to Opensecrets.
By taking advantage of public blockchains, the Commerce Department joins other agencies experimenting with cryptographic technology. The Ministry of Internal Security examined the blockchain for the screening of the airport passengers, while the California DMV has digitized car titles on Crypto, according to Bloomberg.
While Trump positions himself as the “president of cryptography”, the adoption of blockchain for the distribution of GDP indicates a deep change in American economic policy – and more cement Bitcoin as a powerful political and financial force in Washington.
