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Kraken Announces Selection by U.S. Commerce Department to Publish Economic Data on Blockchain
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 statistics. Under the project, GDP information will reportedly be recorded on nine major blockchains, including Bitcoin, Ethereum, Solana, Avalanche, Stellar, Polygon, and Tron. The approach is designed to make the data verifiable, tamper-resistant, and globally ... (full story)
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From commerce.gov | Aug 28, 2025
Today, the Department of Commerce announced that it will begin posting real gross domestic product (GDP) data on the blockchain beginning with the July 2025 data. GDP increased at an annual rate of 3.3 percent in July 2025 according to the revised estimates released by the U.S. Bureau of Economic Analysis. This is the first time a federal agency has ...
From msn.com | Aug 28, 2025
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 ...
US PUTS GDP DATA ON THE BLOCKCHAIN IN TRUMP CRYPTO PUSH INITIAL EFFORT TARGETS NINE BLOCKCHAINS, INCLUDING BITCOIN
