U.S. Secretary of Commerce: Economic Data to be Released on Blockchain
According to Deep Tide TechFlow, U.S. Secretary of Commerce Howard Rutnick announced on Tuesday that the department will begin releasing economic data on the blockchain, including statistics such as GDP. Rutnick stated in a cabinet meeting that this initiative is the latest action by the Trump administration to support the cryptocurrency industry and plans to expand this initiative to "the entire government."
It is worth noting that Rutnick did not specify which blockchain network would be used, nor did he elaborate on how this move would enhance government operational efficiency. Rutnick himself has close ties to the crypto industry, with his Wall Street firm Cantor Fitzgerald conducting business with stablecoin issuer Tether and exploring plans for billion-dollar Bitcoin acquisitions.
