The US government officially began to publish the Gross Domestic Product (GDP) data on public blockchain. According to Bloomberg, the announcement of the Thursday commercial department brings the blockchain as the core of the US economic report and can use GDP in nine networks, including Bitcoin, Ethereum and Solana.
According to Bloomberg, executive officials stressed that blockchain rollouts are “another road” for distribution, not replacing traditional economic data releases. However, this movement conveys a significant symbolic weight because it effectively places the government’s approval of technology that can be seen as a deep skepticism in Washington.
Mike Cahill, chief executive of Douro Labs, said, “We have accepted it.” Through today’s announcement we are now in the world where government data lives in the blockchain, and market participants can participate in real time. ”
Blockchain Initiatives include posting encryption hashes of GDP data, which acts as a digital fingerprint to identify the integrity of information. Bloomberg said that the Ministry of Commerce officials plans to further expand the administration of President Donald Trump, although the initial limited range is limited.
Howard Root Nick, Minister of Commerce Lutnick, told Trump earlier this week, “You’re the president of the encryption, so you’ll be issued through a blockchain, and Lutnick has proposed to reconstruct GDP reports by eliminating the effects of government spending.
This initiative reflects a sharp start with the previous administration. Under former President Cho Viden, regulators adopted careful positions on encryption, often collided with exchange and imposing restrictions on digital assets. In contrast, Trump quickly moved to integrate Bitcoin into government policies. Since his inauguration, he has made a stockpile coin such as the US Bitcoin Protection Zone, Ether and Solana, signed a legislative legislative legislation, and has appointed an encryption -friendly regulatory authorities to end the execution of coinbase.
Trump’s family also deepened its existence in the digital asset space, supporting ventures such as the World Liberty Financial. According to OpenSecets, cryptocurrency companies have greatly donated to Trump’s re -campaign and donated more than $ 133 million to Super PAC, which supports professional crypto candidates in 2024.
Using a public blockchain, Commerce Department joins other organs that experiment with encryption technology. According to Bloomberg, the Ministry of Land, Infrastructure and Transport considers the blockchain of the airport passenger screening, while California’s DMV digitized the car title for encryption.
Trump has established himself as a “encryption president”, and adopting a blockchain for GDP distribution signals a significant change in US economic policy, and Bitcoin signals in Washington to strong political and financial forces.