Report: The U.S. crypto industry directly employs 34k people and contributes more than $34k to the U.S. economy

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PANews, July 23 — According to a report released by the National Cryptocurrency Association (NCA) in the U.S. and cited by The Block, the U.S. crypto industry directly employs 34k people. If jobs supported through suppliers and spending by workers are included, the total supported employment amounts to 232k jobs. In 2026, the industry will contribute more than $34k to the U.S. GDP, including about $232k in labor income. Direct crypto employment has already surpassed coffee and tea manufacturing (28.4k) and cement manufacturing (15.3k). Among direct roles, software, blockchain, and data engineering account for the most (10.1k), followed by compliance and financial business (5,450). California and New York together support more than 111k jobs; Texas (26.5k), Washington (15.1k), and North Carolina (9,524) come next. Each direct crypto job can support about 6 additional jobs. Stu Alderoty, chair of the NCA, said the crypto industry has become an economic driver, with a real positive impact on U.S. employment, wages, and economic growth.
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