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2h ago

Commerce to Publish GDP and Other Statistics on Blockchain, Lutnick Says

The announcement signals a pro-crypto posture, leaving the choice of network and mechanics undefined.

© Photographer: Aaron Schwartz/CNP/Bloomberg via Getty Images
US Commerce Department will put GDP and statistics on the blockchain-Howard Lutnick
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economics Blockchain Breaking Push cryptocurrency Howard Lutnick Commerce Department President Donald Trump

Overview

  • At a White House cabinet meeting on Aug. 26, Commerce Secretary Howard Lutnick said the department will issue GDP and other economic statistics on a blockchain and make the approach available to the entire government.
  • Lutnick did not specify which blockchain or how data would be stored and verified, and the Commerce Department did not immediately respond to a request for clarification.
  • Coverage noted that Commerce already releases these datasets publicly, raising questions about what additional transparency or utility an on-chain release would provide.
  • Reports highlighted Lutnick’s ties to crypto through Cantor Fitzgerald, including connections to Tether and an exploration of a multi‑billion‑dollar Bitcoin purchase.
  • CryptoSlate reported the push aligns with prior federal blockchain pilots across multiple agencies and a House‑passed bill directing Commerce to promote U.S. blockchain deployment.