Crypto employs 34,000 in the U.S. and adds $55 billion, NCA says

Crypto employs 34,000 in the U.S. and adds $55 billion, NCA says

An NCA-backed report says the U.S. crypto sector supports about 232,000 jobs in 2026, with Texas, Washington, North Carolina, California and New York among the leading states and some firms still shutting down.

Fact Check
The primary 'Crypto at Work' report PDF (NCA/Pragmatic Policy Group, July 2026) states precisely: $55bn total contribution in 2026, 34,000 direct jobs, 232,000 total supported jobs, and $31bn in worker income — matching the claim exactly. The official Business Wire press release (via Morningstar) and The Block's coverage corroborate the same figures. The claim accurately reports the report's headline numbers. The only nuance is that these are model-based estimates using BEA input-output tables and a mapped ~$23.2bn revenue input, but the claim correctly attributes them to the NCA-backed report.
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Summary

The U.S. crypto industry directly employs about 34,000 people and supports an estimated 232,000 jobs across the broader economy in 2026, according to a report commissioned by the National Cryptocurrency Association and prepared by Pragmatic Policy Group. The study says salaries, worker spending and output will contribute about $55 billion this year, with securities and commodity contracts among the largest beneficiary sectors at $9.7 billion and housing and real estate contributing a combined $4.8 billion. It distinguishes direct employment at crypto companies from indirect and induced effects across the economy, and says the industry's direct workforce is larger than U.S. coffee and tea manufacturing and aerospace based on Bureau of Labor Statistics comparisons. Texas, Washington, North Carolina, California and New York were cited as the states employing the most people involved in the industry, while Colorado was described as a growing blockchain hub and North Dakota as an energy-integrated digital infrastructure hub tied to crypto mining policy. The NCA launched in March 2025 as a nonprofit focused on consumer crypto education with $50 million in backing from Ripple, and Stuart Alderoty, Ripple's chief legal officer, heads the group. The report arrives as some digital-asset projects have closed this year, including Entropy in January, Dmail beginning in May, and Tally and Balancer Labs in March.

Terms & Concepts
  • induced employment: Jobs supported when workers spend income generated by an industry on goods and services across the wider economy.
  • blockchain hub: A region developing a concentration of businesses, talent and policy support tied to blockchain-based activity.
  • crypto mining: The process of using computing power to validate blockchain transactions and earn rewards on some networks.