The US government has officially begun publishing economic data on public blockchains, including Bitcoin, Ethereum, and Solana.
The Commerce Department’s announcement marks a historic step in bringing Gross Domestic Product (GDP) and other indicators into decentralized, globally accessible networks.
The measure does not replace traditional disclosure, but it certainly expands data distribution channels and lends legitimacy to a technology previously viewed with suspicion in Washington.
Authorities say cryptographic hashes act as “fingerprints” to ensure the integrity of numbers.
Commerce Secretary Howard Lutnick noted that the decision aligns with the vision of U.S. President Donald Trump, who has become a leading advocate for government-cryptocurrency integration. “We’re making America’s economic truth immutable and accessible like never before,” he said.
The contrast between the current administration and the previous one is stark. Since taking office, Trump has accumulated Bitcoin reserves, supported stablecoin legislation, and reduced regulatory pressure on exchanges, a departure from his previous cautious stance.
The Department of Commerce will facilitate the partnership with oracles Chainlink and Pyth Network.
Chainlink will provide data feeds from the Bureau of Economic Analysis, such as real GDP and the PCE price index, while Pyth will provide historical series of quarterly GDP for the past five years.
Data will be distributed across at least nine networks, including Ethereum, Arbitrum, Avalanche, and Polygon, with monthly or quarterly updates.
Exchanges Coinbase Global (NASDAQ:COIN), Gemini, and Kraken assisted in the process, ensuring liquidity and covering the fees required to record information on-chain.
The measure opens the door to new use cases in DeFi, prediction markets, and tokenized assets. Protocols will be able to adjust interest rates based on GDP fluctuations, while investors gain access to verifiable real-time information.
The PYTH token surged nearly 70% following the announcement, while LINK (COIN:LINKUSD) was up 3.4% at 4:10 p.m. ET, reacting to the relevance of the integration between public data infrastructure and crypto assets.
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