The US government has officially begun to publish gross domestic product (GDP) data on public blockchains. According to Bloomberg, the trade department’s announcement brings blockchain into the core of America’s financial reporting on Thursday, making GDP available on nine networks, including Bitcoin, Ethereum and Solana.
Trade officials emphasized that the blockchain rollout is not a substitute for traditional financial data releases, but rather “another way” for distribution, according to Bloomberg. However, the move carries considerable symbolic weight as it effectively places the government’s stamp of approval on technology once seen with deep skepticism in Washington.
“The whole administration has embraced this,” said Mike Cahill, CEO of Douro Labs, who confirmed that he has worked with the trade department on the initiative for the past two months. “With today’s message, we are now in a world where government data lives on blockchains, and market participants can participate in real time.”
The Blockchain Initiative involves placing cryptographic hashes of GDP data that serves as digital fingerprints to verify the integrity of information. While being limited to an extent initially, officials in the trade department confirmed that President Donald Trump’s administration intended to expand the program further, Bloomberg reported.
Trade Secretary Howard Lutnick speared the project and told Trump earlier this week that statistics would be issued via Blockchain “Because you’re crypto president.” Lutnick has previously proposed re -reporting GDP reporting by removing the impact of public spending.
The initiative reflects a sharp departure from the prior administration. Under former President Joe Biden, the supervisory authorities adopted a cautious attitude towards crypto, which often collided with exchanges and imposed restrictions on digital assets. In contrast, Trump has quickly moved to integrate Bitcoin into government policy. Since joining, he has created an American Bitcoin reserve, stored coins such as Ether and Solana, signed legislation that regulates stablecoins, and appointed crypto-Rengeon regulators that ended enforcement measures against coinbase.
Trump’s family has also elaborated on its presence in the digital asset room and backing ventures such as the World Liberty Financial. The growing political threat of the industry is clear: Crypto companies donated strongly to Trump’s re-election campaign and contributed over $ 133 million to Super PACs that support pro-crrypto candidates in 2024, according to Opensersecret.
By utilizing public blockchains, the trade department ends up with other agencies experimenting with cryptotechnology. The Department of Homeland Security has considered blockchain for screening by airport passages, while California’s DMV has digitized car titles at crypto, according to Bloomberg.
When Trump positions himself as “crypto president”, the adoption of blockchain for GDP distribution signalizes an in -depth shift in US economic policy – and further cements Bitcoin as a strong political and economic strength in Washington.