Commerce Department To Release Blockchain Statistics, Says Lutnick

bitcoinistPublicado em 2025-08-27Última atualização em 2025-08-27

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Howard Lutnick, the US Secretary of Commerce and former CEO of Cantor Fitzgerald, announced plans to integrate blockchain technology into...

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Howard Lutnick, the US Secretary of Commerce and former CEO of Cantor Fitzgerald, announced plans to integrate blockchain technology into the dissemination of economic statistics. 

GDP Statistics On The Blockchain

Speaking at a cabinet meeting with President Donald Trump on Tuesday, Lutnick articulated his vision of placing Gross Domestic Product (GDP) data on the blockchain, highlighting the potential for enhanced transparency and data distribution across government departments.

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Lutnick emphasized that the initiative aligns with Trump’s identity as “the crypto president,” framing it as a groundbreaking step toward modernizing how economic reports are generated and shared. 

“The Department of Commerce is going to start issuing its statistics on the blockchain,” he stated, adding that the aim is to create a more open and accessible framework for global markets. 

While the project is still in its developmental stages, it promises to facilitate real-time updates to economic data, a significant shift from traditional reporting methods.

Lutnick Champions Bitcoin And Stablecoins

Throughout his career, Lutnick has been an outspoken advocate for cryptocurrencies. He has drawn comparisons between Bitcoin (BTC) and gold, defended the reserves backing USDT issuer Tether, and dismissed concerns regarding the role of stablecoins in illicit activities during his Senate confirmation hearing. 

Related Reading: Bitcoin And Crypto In Turmoil As Tensions Between Trump and Powell Escalate

Lutnick’s relationship with the White House has also been pivotal in advancing this agenda. During a rally in Michigan celebrating Trump’s first 100 days in office, Lutnick praised the President’s leadership and emphasized collaboration with David Sacks, the White House’s crypto and AI czar. 

Together, they have worked to facilitate the rollout of the Bitcoin strategic reserve, a concept Lutnick believes will solidify Bitcoin’s status as a commodity. “Once you embrace the concept of commodity, you’ll see how beautiful that is,” he remarked in an interview with Bitcoin Magazine.

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The daily chart shows the total crypto market cap at $3.86 trillion. Source: TOTAL on TradingView.com

Featured image from DALL-E, chart from TradingView.com 

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Ronaldo Marquez

Ronaldo Marquez

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Ronaldo is a seasoned crypto enthusiast with over four years of experience in the field. He is passionate about exploring the vast and dynamic world of decentralized finance (DeFi) and its practical applications for achieving economic sovereignty. Ronaldo is constantly seeking to expand his knowledge and expertise in the DeFi space, as he believes it holds tremendous potential for transforming the traditional financial landscape.

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