Cynthia Lummis Says Publishing US GDP Data On Blockchain Is A 'Historic Move'

Cynthia Lummis Says Publishing US GDP Data On Blockchain Is A 'Historic Move' — Thanks Trump, Lutnick For Leadership

Aniket Verma

August 28, 2025

Cryptocurrency supporters hailed on Thursday the U.S. government's move to post GDP numbers on several blockchain platforms.

Senior Lawmaker Calls Move Historic

Sen. Cynthia Lummis (R-Wyo.) deemed the Commerce Department's move as "historic" that will ensure America's leadership in "digital innovation and transparency."

Publishing our GDP data on blockchain is a historic move that will ensure America is the global leader in digital innovation and transparency. Thank you @POTUS @howardlutnick for your leadership 🇺🇸 https://t.co/nRb6jVuMPC
— Senator Cynthia Lummis (@SenLummis) August 28, 2025

Coinbase CEO Brian Armstrong also praised the decision to bring America on-chain and thanked Commerce Secretary Howard Lutnick for his leadership.

Historic moment with government data now coming onchain, thanks to @howardlutnick's leadership. Useful in smart contracts and oracles.

Coinbase is proud to support @CommerceGov in bringing America onchain, including on @base! https://t.co/Fxu71mo3UW
— Brian Armstrong (@brian_armstrong) August 28, 2025

See Also: Ethereum Is ‘The Wall Street Token’, Jan van Eck Says

Tyler Winklevoss, CEO of cryptocurrency exchange Gemini, said the move brings "innovation, vision and execution to the government and helps realize President Donald Trump's vision of making the U.S. the world's "cryptocurrency capital."

America is now publishing GDP to the blockchain. This helps realize President Trump's vision of making America the crypto capital of the world. Thank you @howardlutnick and @CommerceGov for doing the impossible -- bringing innovation, vision, and execution to the US government.â€¦ https://t.co/PvikSRprY0
— Tyler Winklevoss (@tyler) August 28, 2025

Notably, both Coinbase and Gemini helped the government in publishing the data on-chain, according to the Commerce Department.

Official US Economic Data On These Blockchains

The Commerce Department announced that it published the second-quarter GDP results on nine blockchains, including Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL), marking the first time a federal agency put official macroeconomic data on blockchain rails.

The data was also disseminated through coordination with Chainlink (CRYPTO: LINK) and Pyth Network (CRYPTO: PYTH), the oracle networks that help bring real-world, off-chain data to smart contracts.

Over time, the government is expected to post data such as the Personal Consumption Expenditures Price Index and Real Final Sales to Private Domestic Purchasers on-chain, Chainlink said.

The Debate Around Immutability

“We are making America's economic truth immutable and globally accessible like never before,” Lutnick said.

While blockchain data is designed to be immutable, i.e, cannot be edited or deleted, some networks have reversed transactions to recover hacked funds. The most notable incident that comes to mind is Ethereum’s Decentralized Autonomous Organization hack in 2016.

Price Action: At the time of writing, the PYTH token was exchanging hands at $0.2218, up 90% in the last 24 hours, according to data from Benzinga Pro. LINK token traded up 1.5% to $24.20 at last check.

Photo Courtesy: janews on Shutterstock.com

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