US Government Goes Blockchain: Is This the Future or Just a Fad? 🤔💸

Ah, my dear friends, gather ’round! It appears that our illustrious US Commerce Secretary, the ever-so-charming Howard Lutnick, has decided to sprinkle a dash of blockchain magic over our economic data. Yes, you heard it right! The department is planning to unveil its economic statistics on the blockchain, all in the name of transparency and accessibility. How delightfully modern! 💁‍♂️

“The Department of Commerce is going to start issuing its statistics on the blockchain, because you are the crypto president, and we are going to put our GDP on the blockchain.”

Oh, how we adore a good tech-savvy twist! Lutnick assures us that this blockchain bonanza will be available for the entire government, once they’ve managed to iron out the wrinkles-because who doesn’t love a good wrinkle in their economic data? 😏

BREAKING: U.S. Commerce Secretary Lutnick announces that the U.S. will be issuing economic data on blockchain, beginning with GDP data.

The U.S. government is officially embracing blockchain technology.

– The Kobeissi Letter (@KobeissiLetter) August 26, 2025

Economic Data on DLT

In a rather theatrical Cabinet meeting, Lutnick regaled President Trump with this latest revelation. It’s all part of a grand pro-industry administration that’s positively giddy about innovation and distributed ledger technology. Modernizing data distribution? Why, it’s practically a party! 🎉

Before his rather dramatic fallout with Trump, tech mogul Elon Musk had the audacity to suggest running parts of the US government on the blockchain. Imagine that! Perhaps next, we’ll have our morning coffee brewed by an algorithm. ☕️

Lutnick, in a moment of camaraderie, agreed with the President that interest rates need to take a leisurely stroll downwards, as they’re currently giving the economy and American taxpayers a rather nasty headache. Fed Chair Jerome Powell, who’s been on Trump’s naughty list, hinted at easing monetary policy, which sent the crypto market into a delightful frenzy. 💥

And let’s not forget Lutnick’s spirited defense of Trump’s decision to fire Federal Reserve Governor Lisa Cook, whom he labeled a “crook” for her alleged mortgage mischief. Oh, the drama! One can only imagine the letters being exchanged in the corridors of power. 📜

GDP Due This Week

Now, as we await the second-quarter growth annualized gross domestic product report, set to grace us with its presence on Thursday, we can only hope it provides some clarity amidst this delightful chaos. The latest whispers from the Federal Reserve Bank of Atlanta suggest a GDP estimate of 2.2% for the third quarter, a slight dip from the previous quarter. But who’s counting? After all, it’s all just numbers, darling! 📊

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2025-08-27 08:26