Former President Donald Trump’s assertion that the United States collected roughly $18 trillion from tariffs stands in stark contrast to official Treasury Department data, which records customs duties at a fraction of that amount. This vast discrepancy underscores a fundamental conflict between expansive political claims and precise financial accounting—a tension that new federal initiatives in blockchain and digital asset transparency are poised to intensify by making government data more verifiable and harder to dispute.
about Trump's $18 Trillion Tariff Claim vs. Blockchain-Verified DataCommerce Department
0 in Finance and 0 in Crypto last weekQuantum Stocks Rally on Gov’t Investment Speculation
Quantum computing stocks are experiencing a sustained rally despite official denials from the U.S. government about current equity stake negotiations. Following a Wall Street Journal report detailing potential federal investments in the sector, shares of IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing Inc. surged by double-digit percentages, with the momentum continuing even after the Commerce Department stated it was “not currently negotiating equity stakes with quantum computing companies.” Investors appear to be interpreting the carefully worded denial as leaving room for future action, betting on quantum computing’s strategic importance in the U.S.-China technology race.
about Quantum Stocks Rally on Gov't Investment SpeculationUS Weighs Quantum Computing Funding in Tech Race with China
The Trump administration is exploring financial support for quantum computing companies as part of the escalating technology competition with China. Commerce Department officials are considering using Chips Act funding to back projects deemed critical to national security. This initiative represents another step in what experts describe as a de facto sovereign wealth fund operation, marking a significant shift in how the U.S. government approaches strategic technology investments.
about US Weighs Quantum Computing Funding in Tech Race with China4 Stocks Surging on Quantum, AI & Green Energy News
Despite broader market pressures from earnings concerns, trade tensions, and rising oil prices, retail investors are aggressively accumulating positions in four specific stocks showing exceptional momentum. D-Wave Quantum leads the charge on potential government equity stakes in quantum computing, while Plug Power, Bitfarms, and Nokia gain traction from sector-specific catalysts in green energy, AI infrastructure, and cloud networking.
about 4 Stocks Surging on Quantum, AI & Green Energy NewsU.S. Eyes Quantum Computing Stakes, Stocks Surge
The Trump administration is reportedly considering taking equity stakes in leading quantum computing companies to bolster U.S. technological leadership. This potential government intervention has sparked double-digit stock surges across the quantum sector, reversing recent declines. However, the Commerce Department denies any ongoing negotiations with the companies involved.
about U.S. Eyes Quantum Computing Stakes, Stocks SurgeCarysil Shares Drop 9% on US Tariff News
Shares of Indian sink manufacturer Carysil Ltd plunged 9% in a single trading session after the Trump administration unveiled sweeping new tariffs on imported home furnishings, including a 50% duty on kitchen cabinets and bathroom vanities. The sudden policy shift, set to take effect October 1, directly threatens a market that contributes over one-fifth of Carysil’s total revenue, sending shockwaves through investor circles and highlighting the vulnerability of export-dependent Indian manufacturers to US trade policy.
about Carysil Shares Drop 9% on US Tariff NewsUS Commerce Dept to Issue Economic Data on Blockchain
Commerce Secretary Howard Lutnick announced during a cabinet meeting that his department will start publishing economic data, including GDP statistics, on blockchain technology. While framed as part of the Trump administration’s pro-crypto stance, the announcement lacked crucial details about which blockchain network would be used or how this would improve government operations. The initiative could potentially expand across the entire U.S. government, but experts note that ‘on the blockchain’ has become an outdated marketing phrase in the crypto industry. Given that Commerce Department data is already publicly available, the transparency benefits of blockchain may be redundant unless Lutnick’s plan includes additional undisclosed features.
about US Commerce Dept to Issue Economic Data on BlockchainUS to Issue GDP on Blockchain, Boosting Gov’t Data Transparency
Commerce Secretary Howard Lutnick has announced that the Department of Commerce will start issuing GDP and other economic statistics on blockchain, calling President Trump ‘the crypto president.’ The initiative aims to make blockchain-based statistics available across the entire government while working through implementation details. This announcement builds on existing blockchain pilots across federal agencies, including Treasury’s grant distribution testing, CFTC’s tokenized collateral program, and SBA’s fraud monitoring evaluations. The Defense Department and Homeland Security are also exploring blockchain for supply chain authentication and parts tracking. The move aligns with pending congressional legislation, the ‘Deploying American Blockchains Act of 2025,’ which directs the Commerce Secretary to promote U.S. competitiveness in blockchain deployment and establish advisory committees including federal agencies and private sector representatives.
about US to Issue GDP on Blockchain, Boosting Gov't Data TransparencySacks Touts Trump’s Pro-Bitcoin Policies at Bitcoin 2025
At Bitcoin 2025, David Sacks, the White House’s AI and crypto czar, outlined the Trump administration’s rapid pro-Bitcoin actions, including the creation of a Strategic Bitcoin Reserve that could expand if funded without increasing debt. He also highlighted key early moves like pardoning Ross Ulbricht, banning CBDCs, and defunding the CFPB—targeting Senator Elizabeth Warren’s influence. Sacks stressed the importance of U.S. energy expansion to support both AI and Bitcoin, linking technological leadership to domestic power production. With major crypto bills advancing, he expressed optimism about lasting regulatory progress over the next few years.
about Sacks Touts Trump's Pro-Bitcoin Policies at Bitcoin 2025US GDP Contracts 0.3% in Q1 2025, Stagflation Fears Rise
The US Commerce Department reported a 0.3% annualized GDP contraction in Q1 2025, missing forecasts of 0.4% growth. Key drivers included rising imports and reduced government spending, partially offset by consumer and business investment. Inflation remained elevated, with the core PCE price index rising 3.5%. Trading Economics revised its Q2 forecast to -1.2%, signaling a likely technical recession. Financial markets reacted cautiously, with Bitcoin dropping 0.5% and S&P 500 futures falling 0.77%. The Atlanta Fed’s GDPNow model had predicted a steeper -2.7% decline, highlighting economic uncertainty ahead of upcoming BEA revisions in May and June.
about US GDP Contracts 0.3% in Q1 2025, Stagflation Fears RiseUS to Announce Strategic Crypto Reserve Including Bitcoin and Altcoins
The U.S. is set to announce a strategic crypto reserve on Friday, with Bitcoin expected to hold a unique status while other cryptocurrencies will be treated differently. Commerce Secretary Howard Lutnick indicated that the President is keen on a Bitcoin reserve, aligning with campaign promises, but the inclusion of altcoins like XRP, Solana, and Cardano has sparked debate within the crypto community. The announcement coincides with the White House’s first crypto summit, featuring key industry figures.
about US to Announce Strategic Crypto Reserve Including Bitcoin and AltcoinsHoward Lutnick Confirmed as US Secretary of Commerce and Bitcoin Advocate
Howard Lutnick has been confirmed as the US Secretary of Commerce with a 51-45 Senate vote, positioning him to lead President Trump’s trade agenda. A Bitcoin advocate, Lutnick plans to implement tariffs to pressure other nations into reducing trade barriers, while also supporting stablecoins like USDT and USDC. He will resign from Cantor Fitzgerald to comply with government ethics requirements.
about Howard Lutnick Confirmed as US Secretary of Commerce and Bitcoin Advocate