Trump Boosts Cryptocurrency Growth, Integrating US GDP Data into Blockchain
3 week ago / Read about 0 minute
Author:小编   

The United States government has unveiled a groundbreaking plan to publish gross domestic product (GDP) data onto public blockchains, reinforcing its commitment to the burgeoning cryptocurrency industry. Initially, this initiative will encompass nine prominent blockchains, including Bitcoin and Ethereum, ensuring data integrity through the storage of encrypted hash values. The Department of Commerce emphasizes that this step is intended to expand data distribution channels rather than supplant existing methods, with aspirations to broaden its scope in the future. Commerce Secretary Howard Lutnick stands as the primary advocate for this plan, heralding the dawn of the "on-chain government data" era. Over the past few years, the Trump administration's stance on cryptocurrency has evolved into one of support, evidenced by initiatives like establishing Bitcoin reserves and appointing industry-friendly regulatory leaders. Concurrently, the cryptocurrency industry has emerged as a pivotal political force, offering substantial financial backing for Trump's campaigns and other endeavors.