In August 2025, the US Department of Commerce announced plans to publish federal economic data on blockchain. This initiative aims to improve data transparency and integrity and could influence blockchain adoption in the country.
Commerce Department Announcement
The US Department of Commerce announced that it will publish economic data, including GDP figures, on the blockchain. The initiative is led by Howard Lutnick, US Secretary of Commerce, with the goal of enhancing transparency under the Deploying American Blockchains Act of 2025.
Impact on Financial Markets
Financial markets might see changes, particularly in blockchain infrastructure demand. The government's decision underlines its commitment to data integrity and openness, although direct effects on major cryptocurrencies like BTC and ETH remain uncertain. A total of $59 million is earmarked for developing blockchain infrastructure over five years.
Digital Adoption and Historical Parallels
With historical parallels such as Estonia's blockchain use, the US initiative may further digital adoption on a wider scale. The plan follows a January 2025 executive order supporting blockchain and digital assets, aiming for enhanced government transparency.
The US Department of Commerce's initiative to utilize blockchain for publishing economic data demonstrates a growing attention to digital technologies and their potential to enhance transparency and trust in government.
