A year ago, the idea of the U.S. government publishing any data directly on a public blockchain would have sounded far fetched. Today, it is happening.
In 2025, the U.S. Department of Commerce, led by Secretary Howard Lutnick, announced that Gross Domestic Product (GDP) data would be published on public blockchains including Bitcoin, Ethereum, and Solana.
Pyth Network, a decentralized oracle protocol, was revealed to be one of the biggest partners of this initiative.
Mike Cahill, CEO of Douro Labs and Director of Pyth Network, told TheStreet Roundtable that the change reflects both a shift in Washington’s mindset and a growing recognition that cryptographic verification can improve how critical data is distributed and trusted.
Shifting Attitudes in Washington
“If you had told me a year ago that we would be working with the U.S. government to publish data on chain, I would never have believed it,” Cahill said.
The effort began through conversations with multiple agencies about blockchain and data modernization. The Department of Commerce ultimately led the initiative. Cahill pointed to leadership experience inside the department as a key factor.
“Secretary Lutnick used to run Cantor Fitzgerald,” he said. “They went through the digitization of U.S. Treasuries. And so this was very clear to him. This is a digitization.”
Pyth’s role is not to generate the data but to make it verifiable and usable. Cahill said the network exposes official data endpoints and adds cryptographic signatures so users can independently verify authenticity. What started with GDP data has since expanded to non-farm payrolls and CPI, with plans to include additional datasets over time.
Choosing Public Blockchains for Data Storage
One notable decision was where the data lives. Instead of using a private sandbox, the government opted for public blockchains.
“They did not create a sandbox. This was done on public blockchains,” Cahill said.
That choice immediately made the data composable. The hundreds of applications already connected to Pyth could use the information without rebuilding infrastructure.
Improving Data Aggregation and Usability
Cahill emphasized that data availability alone is not enough. The challenge is usability. Modern finance is overwhelmed by fragmented feeds and inconsistent sources.
“This myriad of different sources is a big problem for a lot of people,” he said.
Pyth addresses that by aggregating inputs from exchanges and major trading firms into a single price per asset.
“At any given point the Pyth network generates one single price per asset,” he said, spanning more than two thousand instruments.
For Washington, the appeal is straightforward. Data that is instantly accessible, verifiable, and reusable lowers friction between policymakers, markets, and builders.
For crypto infrastructure providers, the message is just as clear. Blockchain is no longer only about tokens. It is becoming a delivery layer for public information that underpins the global economy.
For normal citizens, it means a level of transparency that has never really been possible before.