## US Government Publishes GDP Data on Blockchain, Signaling Major Crypto Endorsement by Trump Administration **News Title:** ‘Crypto President’ Donald Trump Puts America’s GDP on Blockchain **Report Provider:** Times Now **Author:** Anurag Kumar **Published At:** 2025-08-30 07:51:33 (This indicates the publication date of the article, the events described are for 2025 GDP data releases) ### Key Findings and Conclusions: The US government, under the Trump administration, has officially begun publishing its Gross Domestic Product (GDP) data on public blockchains. This move is described as one of the most significant endorsements of cryptocurrency by the administration to date. The initiative aims to create an additional, real-time channel for sharing economic data, rather than replacing traditional publication methods. ### Critical Information: * **Data Publication:** The Commerce Department has posted the "official hash of its quarterly GDP data release for 2025 — and, in some cases, the topline GDP number" on **nine public blockchains**. * **Blockchains Involved:** The blockchains include **Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism**. * **Data Providers:** Data providers **Pyth** and **Chainlink** are also integrated into this rollout. * **Market Reaction:** The announcement led to an immediate market surge, with the **Pyth Network token surging 61% in 24 hours to nearly 19 cents**. * **Political Context:** This blockchain initiative follows President Donald Trump's dismissal of the head of the Bureau of Labor Statistics over alleged data manipulation. However, officials have stated the blockchain rollout is unrelated to that event. * **Commerce Secretary's Role:** Commerce Secretary **Howard Lutnick** is reported to be the driving force behind this blockchain push. He had previously suggested excluding government spending from GDP calculations and informed President Trump of the blockchain initiative, referring to him as the "crypto president." * **Trump's Pro-Crypto Stance:** The article highlights a shift in President Trump's stance on cryptocurrencies. Since taking office, his administration has: * Created a **Bitcoin reserve** and a government stockpile of **Ether and Solana**. * Appointed **crypto-friendly regulators** and ended enforcement cases against **Coinbase**. * Signed a **stablecoin law** to regulate dollar-pegged tokens. * **Family Investment:** Trump's family is also reportedly heavily invested in the crypto sector, backing **World Liberty Financial**, which is launching a new coin. * **Industry Collaboration:** Crypto firms like **Coinbase, Kraken, and Gemini** are collaborating with the Commerce Department to cover the transaction costs ("gas") for these blockchain operations. Both Kraken and Gemini are preparing for Initial Public Offerings (IPOs). * **Broader Government Adoption:** Secretary Lutnick intends for more federal agencies to adopt blockchain technology, stating, "We are going to put our GDP on the blockchain… and then we’re going to make that available to the entire government, so all of you can do it." * **Political Influence:** The move is seen as cementing crypto's political influence in Washington, with the industry having invested over **$133 million into pro-crypto PACs during the 2024 election**, heavily supporting Trump and his allies. ### Important Recommendations: While no explicit recommendations are made in the news report, the underlying implication is the potential for greater integration of blockchain technology within government functions and the broader economy. ### Significant Trends or Changes: * **Government Adoption of Blockchain:** This represents a significant step in the adoption of blockchain technology by a major government for official data publication. * **Trump Administration's Crypto Embrace:** The administration's actions demonstrate a clear and active embrace of the cryptocurrency industry. ### Notable Risks or Concerns: The news report does not explicitly detail risks or concerns associated with this move. However, the mention of the President's prior concerns about data manipulation by the Bureau of Labor Statistics could be interpreted as a backdrop against which the administration is seeking more transparent and verifiable data dissemination methods. ### Material Financial Data: * **Pyth Network Token Surge:** **61%** increase in 24 hours, reaching **nearly 19 cents**. * **Industry PAC Investments:** Over **$133 million** poured into pro-crypto PACs during the 2024 election.
‘Crypto President’ Donald Trump Puts America’s GDP on Blockchain
Read original at Times Now →Trump Goes Full Crypto: US GDP Data Now Lives on Blockchain Photo : APWashington, DC: The US government has officially started publishing its GDP numbers on public blockchains, marking one of the biggest endorsements of crypto by the Trump administration so far.On Thursday, the Commerce Department said it has posted the “official hash of its quarterly GDP data release for 2025 — and, in some cases, the topline GDP number” on nine blockchains, including Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism.
Data providers Pyth and Chainlink are also part of the rollout, a Bloomberg report said.Officials clarified that this move creates an additional channel for sharing economic data, not a replacement for traditional publication.Mike Cahill, CEO of Douro Labs, who worked with the Commerce Department on the project, said: “With today’s announcement we are now in a world where government data lives on blockchains, and market participants can participate in real time.
”The initiative sparked an immediate market reaction. The Pyth Network token surged 61% in 24 hours to nearly 19 cents after the news.Political BackdropThe blockchain shift comes weeks after President Donald Trump fired the head of the Bureau of Labor Statistics, accusing the agency of manipulating job growth data.
Officials insisted Thursday’s blockchain rollout was unrelated to that episode.Commerce Secretary Howard Lutnick was reportedly behind the blockchain push. Earlier this year, he suggested changing how GDP is calculated, excluding government spending.During a White House meeting this week, Lutnick told Trump that GDP statistics would be issued via blockchain, adding: “because you are the crypto president.
”Trump’s Pro-Crypto TurnOnce skeptical of cryptocurrencies, Trump has now embraced the industry. Since taking office, he has:Created a Bitcoin reserve and government stockpile of Ether and Solana.Appointed crypto-friendly regulators, ending enforcement cases against Coinbase.Signed a stablecoin law to regulate dollar-pegged tokens.
His family is also heavily invested in the sector, backing World Liberty Financial, which is launching a new coin next week.Crypto firms including Coinbase, Kraken, and Gemini are working with the Commerce Department to cover blockchain transaction costs, or “gas.” Both Kraken and Gemini are preparing for IPOs.
Bigger PictureGovernments worldwide have tested blockchain for years, from digital currencies to digitising car titles. Lutnick now wants more federal agencies to adopt it.“We are going to put our GDP on the blockchain… and then we’re going to make that available to the entire government, so all of you can do it,” he told agency heads.
The move cements crypto’s political influence in Washington. Notably, the industry poured over $133 million into pro-crypto PACs during the 2024 election, heavily backing Trump and his allies.
