TechFlow, Aug 27 — According to Decrypt, U.S. Commerce Secretary Howard Lutnick announced on Tuesday that the department will begin publishing economic data, including statistics such as GDP, on the blockchain. Lutnick stated during a cabinet meeting that this move is the latest action by the Trump administration in support of the cryptocurrency industry, with plans to expand the initiative across "the entire government."
Notably, Lutnick did not specify which blockchain network would be used, nor did he elaborate on how this step would improve government operational efficiency. Lutnick himself has close ties to the crypto industry; his Wall Street firm, Cantor Fitzgerald, has business relationships with stablecoin issuer Tether and is exploring a multi-billion dollar plan to acquire Bitcoin.
