U.S. Department of Commerce and Blockchain Statistics

📚Publishing Economic Data on Blockchain

The U.S. Department of Commerce has announced plans to move the publication of key economic data to blockchain technology. This was stated by Secretary Howard Lutnick at a press conference in Washington, D.C.

According to Lutnick, the first data to be uploaded to the blockchain will include GDP, inflation, employment, and trade balance figures. The department sees this step as a way to increase transparency, reliability, and timeliness of economic information for analysts, investors, and the general public.

Lutnick believes that implementing distributed ledger technology will ensure:

• transparency and accessibility of data for all market participants;

• protection of information from falsification and errors;

• the ability for analysts and investors to perform independent calculations based on verified statistics.

“Using blockchain technologies will allow citizens, businesses, and international partners to access verifiable, immutable, and up-to-date information,” Lutnick said. He emphasized that this will be the first use of such technology in U.S. federal statistics.

Experts note that using blockchain for government statistics could be a revolutionary step, increasing trust in official data and opening new opportunities for financial analysis.

Lutnick’s Investments in Digital Assets

Lutnick’s family company, Cantor Fitzgerald, made major investments in key segments of the crypto industry:

• Fidelity Wise Origin Bitcoin (FTBC): $120.7 million
• Trading platform Robinhood: $116.8 million

These moves were made possible through an exemption allowing the secretary to participate in government matters that could potentially affect Cantor Fitzgerald’s business. Experts note that such actions raise questions about potential conflicts of interest, but also highlight the growing interest in crypto instruments as a way to protect assets in an unstable economy.

“Investments by government officials in cryptocurrency funds are a rare example of direct participation in new financial instruments, especially amid unstable macroeconomic policy,” notes economics professor James Han.

Trade Policy and Economic Uncertainty

The Trump administration continues to adjust tariff policies: previously announced tariffs on China are delayed, while new tariffs on aluminum are introduced. These actions create a high level of uncertainty for businesses and investors. Trade groups express concern over the impact on import/export companies and financial markets.

Against this backdrop, cryptocurrencies become a tool for diversification and capital protection.

Combining Investments and Innovation

The combination of personal cryptocurrency investments and the introduction of blockchain technology into government processes demonstrates a new approach to finance and the economy. It signals the growing importance of digital assets and shows how technology can transform economic management and analysis.

Ethics and Transparency Issues

Despite positive prospects, questions arise: how might the combination of government authority and personal investments affect policy and markets? The Department of Commerce states that all actions of the secretary comply with existing regulations, but experts stress the need for transparency and clear conflict-of-interest prevention mechanisms.

⚡ Conclusion

Lutnick’s initiatives show that cryptocurrencies and blockchain are no longer just technological novelties — they are tools influencing government decisions, economic policy, and investment strategy. These developments could define a new stage in financial market evolution, where digital assets and transparent blockchain statistics become an integral part of the U.S. economy.

A video excerpt of the speech is available on our Telegram channel.