
The National Cryptocurrency Association study estimates crypto will support 232,000 US jobs this year, with the biggest gains in securities and commodity contract investments.
The crypto industry will directly and indirectly support 232,000 jobs across the US economy this year, with a total economic contribution of $55 billion, according to a new study from the National Cryptocurrency Association (NCA).
The research, released Wednesday by the Pragmatic Policy Group on behalf of the NCA, calculated the figure based on direct, indirect and induced employment. Of the sectors benefiting most from crypto's economic footprint, investments in securities and commodity contracts led at $9.7 billion. Housing and real estate combined for $4.8 billion.
About 34,000 people in the US are directly employed by crypto companies, the study found. That direct employment figure exceeds the workforce in coffee and tea manufacturing and aerospace, according to US Bureau of Labor Statistics data cited in the report.
The NCA, a non-profit focused on consumer crypto education, launched in March 2025 with $50 million in backing from Ripple Labs. Stuart Alderoty, Ripple's chief legal officer, heads the group.
Among US states, Texas, Washington, North Carolina, California and New York employed the most crypto industry workers. Colorado was identified as a "growing blockchain hub" based on its regulatory policies. North Dakota was "becoming an energy-integrated digital infrastructure hub" due to tax laws favoring crypto mining and flare gas policies, the NCA said.
The report comes as some crypto projects have announced closures this year, citing scaling difficulties and market conditions. Entropy, a New York-based crypto startup, said in January it would shut down after four years. Dmail, a Singapore-based decentralized email platform, began ceasing operations in May, citing bandwidth, storage and computing costs. Decentralized autonomous organization governance platform Tally and Balancer Labs also shuttered in March.
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