After GDP, U.S. may put CPI data on blockchain, according to Mike Cahill

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The U.S. Department of Commerce has teamed up with Pyth Network to publish official economic data on blockchains, a move that signals Washington’s push toward modernizing financial infrastructure.

Mike Cahill, CEO of Douro Labs — the primary developer of Pyth Network — told TheStreet Roundtable that the current administration is intent on making the U.S. a leader in digital assets.

“The current administration is very crypto friendly and happy to explore the innovations that this allows,” Cahill said. “There is a real appetite for the United States to become the world leader in financial technology innovation.”

He noted that U.S. Commerce Secretary Howard Lutnick’s experience modernizing Treasury markets played a role in advancing the partnership. 

“I think he saw this as a resonation of this is going to be good for the entire economy. This is a modernization story,” Cahill said.

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