Altcoin

US Department of Commerce to use blockchain tech

Published

2 months ago

August 26, 2025

Howard Lutnick, the Secretary of the US Commerce, introduced on Tuesday that his division is planning to challenge vital financial details about blockchain expertise quickly. Within the presence of President Donald Trump and different cupboard members, Lutnick stated that his division will quickly publish GDP information concerning the blockchain to enhance transparency.

In line with Lutnick, the Ministry of Commerce will lead different authorities companies in taking blockchain expertise. Furthermore, the adoption of blockchain was an vital agenda of the Trump administration as promised throughout the 2024 campaigns.

“The Ministry of Commerce goes to spend its statistics on the blockchain as a result of you’re the crypto president. Will make it obtainable to the whole authorities with the intention to do all of it,” Lutnick stated.

US authorities companies assume blockchain expertise

Varied authorities companies of the USA have adopted blockchain expertise over time to enhance transparency and effectivity. The Commodity Futures Buying and selling Fee (CFTC), for instance, has a pilot program on Tokenized collateral and monetary transactions primarily based on stablecoin.

The Ministry of Protection collaborated with Simba Chain to observe excessive worth elements through a blockchain whides. SEC chairman Paul Atkins lately emphasised that the company wish to use blockchain expertise to modernize American monetary markets.

The American SEC has taken an initiative referred to as ‘Undertaking Crypto’ that’s aimed on the implementation of President Trump’s agenda of the Web3 room.

Market implication

The approval of blockchain expertise by the US authorities will significantly legitimize the crypto trade. Furthermore, most US authorities companies don’t develop their block chains, however faucet on present public chains as an alternative.

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Because of this, the cryptomarkt will get extra bullish sentiment in the long run within the midst of the outstanding capital injection of institutional buyers.