Crypto industry supports 232,000 jobs, adds $55B to US economy: report

California accounts for an estimated 57,649 supported jobs, and New York for 53,766. The two states represent close to half the national total. Texas follows with 26,536 jobs, Washington with 15,097 and North Carolina with 9,524. The 12 states the report defines as the Heartland support more than 17,000 jobs combined. Colorado accounts for about 5,797 supported jobs and $1.3 billion in economic contribution.

The NCA released the study while employment trends inside individual crypto companies remain mixed. Gemini, Crypto.com and Algorand announced workforce cuts in early 2026, according to earlier reports. Exodus cut about 25% of its staff as it reorganized around stablecoin payments. Polygon Labs also reduced headcount during its Coinme integration.

Those company-level cuts do not directly contradict the NCA estimate because the study measures a broader economic footprint through modeling rather than a live industry headcount. The model uses 2024 Bureau of Economic Analysis input-output tables, Bureau of Labor Statistics data and a $23.22 billion U.S. crypto industry revenue estimate from Statista.

Because the BEA does not classify crypto as a standalone industry, Pragmatic Policy Group mapped crypto businesses into existing sectors. The report allocated most financial-related crypto revenue to securities and commodity contracts, with a smaller share assigned to data processing and internet publishing. The model assumes that 2024 production relationships remain in place.

The NCA funded the research, and Pragmatic Policy Group described the work as independent analysis. NCA President and Ripple Chief Legal Officer Stuart Alderoty called the sector a “real, positive” contributor to American jobs, wages and economic growth. A separate NCA survey estimated that more than 67 million U.S. adults now own crypto.