In recent crypto news, the US government began distributing gross domestic product data on public blockchains.
This marks yet another endorsement from the Donald Trump administration for the crypto industry .
As Bloomberg News reported, the Commerce Department will adopt blockchain to carry some of its most critical and market-moving economic data.
The announcement confirms an August 26 tease by Commerce Secretary Howard Lutnick.
Crypto News: Initiative Launches Successfully
IN recent crypto news, Commerce Secretary Howard Lutnick had announced the blockchain initiative during a cabinet meeting on August 26.
Lutnick told Trump that the reason for the push is that he is “the crypto president.” Lutnick spearheaded the push to publish data on blockchain networks, according to Commerce Department officials.
The shift came weeks after Trump fired the head of the Bureau of Labor Statistics (BLS) following an agency report that showed much weaker job growth than previousl
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