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US Puts GDP Data on the Blockchain in Trump Crypto Push
The US government on Thursday began distributing gross domestic product data on public blockchains, marking the latest Trump administration endorsement of the crypto industry. The move, as described by Commerce Department officials, will create another avenue — not a replacement — for publishing the economic data. The Department published what it described in a press release as the “official hash of its quarterly GDP data release for 2025—and, in some cases, the topline GDP number” to nine blockchains: Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism. The Commerce ... (full story)
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US PUTS GDP DATA ON THE BLOCKCHAIN IN TRUMP CRYPTO PUSH INITIAL EFFORT TARGETS NINE BLOCKCHAINS, INCLUDING BITCOIN
Real gross domestic product (GDP) increased at an annual rate of 3.3 percent in the second quarter of 2025 (April, May, and June), according to the second estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP decreased 0.5 percent. The increase in real GDP in the second quarter primarily reflected a decrease in imports, ...
From financemagnates.com | Aug 28, 2025
The U.S. Department of Commerce has turned to cryptocurrency exchange Kraken to support a new initiative that will put gross domestic product (GDP) data directly onto public blockchains. Announced by President Donald Trump and Commerce Secretary Howard Lutnick, the plan marks the first time a G7 country will use blockchain to distribute official economic ...
