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Report: The crypto industry contributes $55B to the U.S. economy, directly employing 34,000 people
Among the 232,000 supported jobs, about 75,000 come from the supplier industry, and another 123,000 are driven by household consumption by related workers. These figures are based on multiplier effects from an input-output model and do not represent the number of people directly employed by crypto companies. Of the 34,000 direct jobs, software, blockchain, and data engineering roles are the most, at about 10,100.
In terms of regional distribution, California and New York support 57,649 and 53,766 jobs respectively, totaling more than 111,000; Texas supports about 26,536 jobs. The 12 U.S. inland states defined in the report together support about 17,000 jobs.
The report was commissioned and funded by the National Cryptocurrency Association, and the Pragmatic Policy Group is responsible for the analysis. Its estimates are based on the U.S. Bureau of Economic Analysis 2024 input-output tables and crypto industry revenue data of $23.22B, and the occupational structure and industry mapping include model assumptions.