This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication.

Commerce Secretary Howard Lutnick announced during a Cabinet meeting on Aug. 26 that the Department of Commerce will begin issuing its statistical data — including Gross Domestic Product (GDP) — on the blockchain, describing President Trump as “the crypto president.”

Lutnick framed the initiative as a move to enhance data distribution by leveraging the inherent transparency, accessibility and immutability of the blockchain.

He said the plan will begin with GDP data but is intended to expand to additional government agencies.

“The Department of…

Read more on Blockworks