BlockBeats reported on July 23 that the National Cryptocurrency Association released a report saying the U.S. crypto industry directly employs about 34,000 people.
The report says total employment supported by the sector rises to roughly 232,000 when jobs tied to supplier industries and household spending by related workers are included. It adds that these figures are based on multiplier effects from an input-output model and should not be read as direct hiring by crypto companies.
Employment and income estimates
According to the report, the crypto industry is expected to contribute more than $55 billion to U.S. GDP in 2026. Of that total, about $31 billion would flow to workers as labor income.
Of the roughly 232,000 supported jobs, around 75,000 come from supplier industries, while another 123,000 are linked to household spending by workers connected to the sector.
Among the 34,000 direct jobs, software, blockchain and data engineering roles account for the largest share, at about 10,100 positions.
State-level distribution
California and New York support 57,649 and 53,766 jobs respectively, for a combined total of more than 111,000. Texas accounts for about 26,536 jobs.
The report says 12 U.S. heartland states, as defined in the study, support about 17,000 jobs in total.
Who funded the report and how it was built
The report was commissioned and funded by the National Cryptocurrency Association, with analysis conducted by Pragmatic Policy Group.
Its estimates are based on the U.S. Bureau of Economic Analysis 2024 input-output tables and $23.22 billion in crypto industry revenue data. The report also notes that its occupational structure and industry mapping include model assumptions.