The American trade secretary Howard Lutnick has stated that the Department plans to provide economic information about the blockchain for further transparency and easier access.
“The Ministry of Trade is going to spend its statistics on the blockchain because you are the crypto president and we are going to put our GDP on the blockchain.”
He added That people can use the blockchain for data and distribution, and they will make it available to the entire government after the details have been smoothed out.
Breaking: US Commerce Secretary Lutnick announces that the US will issue economic information about blockchain, starting with GDP data.
The US government officially embraces blockchain technology.
– De Kobeissi -Letter (@kobeissiletter) August 26, 2025
Economic data about DLT
The revelation came when Lutnick spoke on Tuesday President Donald Trump in a cabinet meeting in Washington. It is the newest step of a pro-industry administration that supports innovation and distributed ledger technology, and the modernization of the data distribution is part of that push.
For his fall -out with Trump, Tech billionaire Elon Musk drove the idea of leading parts of the American government on the blockchain. The relocation could possibly lead to other economic data, such as important inflation reports (CPI and PCE), which will be put on the blockchain in the future.
Lutnick said that the initiative was made possible by collaboration with the top adviser of the White House on Crypto, David Sacks.
The trade secretary also agreed with the president that interest rates should fall because they hurt the economy and American taxpayers. Fed -chairman Jerome Powell, who threatened Trump to fire, hinted to illuminate the monetary policy in Jackson Hole last week, which resulted in a large crypto market pump.
Lutnick too defended Trump’s step to dismiss the governor of the Federal Reserve Lisa Cook, who labels her a ‘crook’ who committed mortgage fraud. Earlier this week, Trump took the unprecedented step of writing a termination letter to cook in his last attack on the central bank and its bosses.
GDP this week
The second quarter of growth annual gross domestic product report will be published on Thursday. The report will provide more insight into the growth of the economy and include additional data that were not included in the estimate of the advance.
The last estimation For the GDP of the Federal Reserve Bank of Atlanta, the third quarter is 2.2%, at the previous quarter.
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