Trump administration launches blockchain distribution of official US GDP figures
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The news: The US government on Thursday (Friday AEST) began distributing gross domestic product data on public blockchains, in what Commerce Department officials described as an additional, but not a replacement, method of publication.
The department posted the “official hash of its quarterly GDP data release for 2025—and, in some cases, the topline GDP number” to nine blockchains including Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS and Optimism.
Oracles Pyth and Chainlink, and exchanges Coinbase, Kraken and Gemini were also involved, in facilitating the Department’s publishing, it said.
What they said: “The Department will continue to innovate and broaden the scope of publishing future datasets like GDP to include the use of other blockchains, oracles, and exchanges,” the department said in a media release.
The context: The initiative was led by Commerce Secretary Howard Lutnick and and previewed it in a White House cabinet meeting, telling President Donald Trump that departmental statistics would begin to be issued via blockchain “because you are the crypto president.”
Earlier in his second term, Trump created a Bitcoin reserve and a government stockpile of coins including Ether and Solana. His family has also invested in ventures including Bitcoin mining and the issuance of a stablecoin.
The move comes weeks after Trump fired the head of the Bureau of Labor Statistics following a report showing weaker job growth, and also follows earlier comments from Lutnick suggesting plans to change how GDP is reported to remove the impact of government spending.
The sources: US Department of Commerce , Bloomberg
