The U.S. Department of Commerce’s decision to partner with Kraken to record GDP data on nine public blockchains, announced on August 28, 2025, reflects a strategic shift under the Trump administration’s pro-crypto policies, supported by the $59 million Deploying American Blockchains Act of 2025, aiming to enhance data transparency amid growing distrust in traditional economic reporting.
This initiative leverages blockchain’s immutability, as demonstrated by a 2023 study from the Journal of Financial Economics showing a 15% reduction in data manipulation risks, though challenges remain with input data accuracy, requiring robust verification systems not yet fully detailed by the Commerce Department.
The choice of Kraken over larger exchanges like Binance or Coinbase, despite Kraken’s 2024 Forbes ranking as the best crypto platform, suggests a preference for its regulatory compliance and security record, potentially setting a precedent for future government-crypto collaborations….
