NCA report counts 232,000 crypto-supported U.S. jobs at $133k average. Most are multiplier effects. Wage figure uses average vs median. Report lands ahead of Clarity Act vote.
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A report commissioned by the National Cryptocurrency Association counts 232,000 U.S. jobs tied to crypto. The study puts the industry's contribution to GDP at $55 billion.
Pragmatic Policy Group ran the numbers. The average annual wage across those roles is $133,000. The figure is more than double the national median of $64,000.
The fine print complicates the headline. Most of those 232,000 jobs sit outside crypto companies. PPG attributes 75,000 to supplier industries and 123,000 to household spending. The model is a standard input-output multiplier. The appendix states these are not direct crypto jobs.
All 232,000 supported roles are covered by the $133,000 figure. The occupational tables include janitorial and food service workers. The comparison pits an average against a median. The gap between the two tends to inflate the higher number.
Crypto is not a standalone industry in government statistics. PPG mapped an estimated $23.22 billion in crypto revenue onto existing sectors. The figures rest on firm-level estimates and expert judgment, not official data.
The NCA funded the study. PPG says its findings reflect independent analysis. The NCA launched in 2025 as a 501(c)(4) focused on crypto education. Ripple Chief Legal Officer Stu Alderoty serves as its president.
The industry has become a genuine economic driver, Alderoty said. It has a "real, positive impact on American jobs, wages, and economic growth."
Each direct crypto job generates around six additional roles across the economy, PPG chief economist Oliver Browne said. The NCA-funded study lands as crypto firms lobby Washington ahead of the Clarity Act vote. The CFTC has one commissioner and all of crypto, a dynamic that adds urgency to the regulatory debate. A vote on the Clarity Act is expected this month.
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