The U.S. government has officially started sharing gross domestic product (GDP) data on public blockchains. According to Bloomberg, the announcement from the Commerce Department on Thursday integrates blockchain into America’s economic reporting, making GDP accessible on nine networks including Bitcoin, Ethereum, and Solana.
Officials from the Commerce Department stressed that the blockchain implementation is not meant to replace traditional economic data releases, but serves as “another avenue” for distribution, per Bloomberg. Nonetheless, this represents a significant symbolic move, as it effectively endorses a technology once met with skepticism in Washington.
“The entire administration is on board with this,” stated Mike Cahill, CEO of Douro Labs, who revealed that he has collaborated with the Commerce Department on this initiative for the past two months. “With today’s announcement, we now live in a world where government data is available on blockchains, allowing market participants to engage in real time.”
The blockchain initiative entails posting cryptographic hashes of GDP data, acting as digital fingerprints to ensure the integrity of the information. While initially limited, Commerce Department officials confirmed that President Donald Trump’s administration plans to broaden the program, according to Bloomberg.
Commerce Secretary Howard Lutnick led the project, informing Trump earlier this week that statistics would be released via blockchain “because you are the crypto president.” Lutnick has previously proposed altering GDP reporting by excluding the effects of government spending.
This initiative marks a significant departure from the previous administration. Under former President Joe Biden, regulators adopted a cautious approach to crypto, often clashing with exchanges and placing restrictions on digital assets. In contrast, Trump has quickly sought to integrate Bitcoin into government policy. Since assuming office, he has established a U.S. Bitcoin reserve, accumulated coins like Ether and Solana, signed legislation governing stablecoins, and appointed crypto-friendly regulators who ceased enforcement actions against Coinbase.
Trump’s family has also increased its involvement in the digital asset sector, supporting ventures like World Liberty Financial. The growing political influence of the industry is evident: crypto firms contributed significantly to Trump’s reelection campaign and donated over $133 million to super PACs backing pro-crypto candidates in 2024, according to OpenSecrets.
By utilizing public blockchains, the Commerce Department joins other agencies exploring crypto technology. The Department of Homeland Security has looked into blockchain for airport passenger screening, while California’s DMV has digitized car titles using crypto, as reported by Bloomberg.
As Trump positions himself as the “crypto president,” the use of blockchain for GDP distribution represents a major shift in U.S. economic policy—and further establishes Bitcoin as a potent political and financial influence in Washington.
