National Cryptocurrency Association reveals crypto is a booming American industry, creating high-paying jobs and strengthening local economies across the country
MIAMI--(BUSINESS WIRE)--Today, the National Cryptocurrency Association (NCA), a non-profit organization dedicated to helping Americans understand and use crypto with confidence, released a new report with the Pragmatic Policy Group (PPG) examining crypto’s contribution to the economy. The Crypto at Work Report shows that crypto is reshaping the American labor market, supporting 34,000 direct jobs and, with a strong multiplier effect, 232,000 industry-adjacent jobs. As a meaningful driver of U.S. employment and income, crypto is on track to contribute more than $55 billion to the economy in 2026.
The report highlights how crypto is impacting multiple industries and regions:
- The $55 billion contribution to the economy isn’t just in financial services, but also expands into other sectors like professional services ($3.6B) and housing ($3B)
- Crypto and industry adjacent jobs are found across the country from major hubs like California (57,600+ jobs) and North Carolina (9,500+ jobs) to more than 17,000+ jobs in Heartland states
- Jobs associated with crypto industry are high-paying, with average wages of around $133,000, more than double the national median wage
“What we are seeing in this data, and hearing directly from businesses and workers across the country, is how the crypto industry in America has become an economic driver,” said Stu Alderoty, President of the National Cryptocurrency Association. “Crypto is having a real, positive impact on American jobs, wages, and economic growth.”
“This analysis shows that the impact of crypto is no longer confined to a single sector; crypto is emerging as a defining pillar of the U.S. economy,” said Oliver Browne, PPG’s Chief Economist, who led the study. “Each direct crypto job generates around six additional roles across the broader economy, underscoring the industry’s significant multiplier effect. With more than 34,000 jobs already directly supported, crypto is steadily establishing itself as a measurable contributor to the U.S. economy, with strong potential for further growth as adoption increases.”
This research is the latest from the NCA about crypto’s role in Americans’ daily lives. It underscores the growing trend of mainstream crypto adoption with emerging use cases such as crypto payments and workplace integrations that further accelerate economic growth. As adoption expands, the industry will continue to impact jobs, wages, and local communities. Education from organizations like the NCA will be crucial to help Americans not only make sense of crypto, but make use of it in their daily lives.
About the National Cryptocurrency Association
The National Cryptocurrency Association (NCA) is a 501(C)(4) organization dedicated to educating consumers about how to engage with crypto. Crypto is positively impacting the lives of millions of Americans, but misinformation has held back those who stand to benefit. The NCA is here to help make sense of crypto by sharing the stories of real people and businesses using crypto, providing educational resources to navigate the hype and confusion, and offering guidance and support through partnerships and services. For more information, visit https://www.nca.org.
About Pragmatic Policy Group
Pragmatic Policy Group is an economic research agency that conducts independent analysis on the economic impacts of emerging industries and public policy decisions. The global firm specializes in economic modeling, labor market analysis, and policy research to help stakeholders better understand the economic implications of innovation and regulation.
Methodology
The analysis was conducted by Pragmatic Policy Group using an innovative input-output economic framework based on publicly available data from the U.S. Bureau of Economic Analysis. The study evaluates the direct, indirect, and induced economic effects of the U.S. cryptocurrency industry, including impacts on employment, worker income, and economic output across sectors and states.
Contacts
Media Contacts
National Cryptocurrency Association: media@nca.org