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New Industry Study Says U.S. Crypto Directly Employs 34,000 and Will Add $55 Billion to GDP

The report frames crypto as a high‑paying, regionally concentrated employer but rests on modeled assumptions that limit how precisely those claims can be taken.

Overview

  • The National Crypto Association released the Pragmatic Policy Group study on July 22 that estimates 34,000 direct U.S. crypto jobs and a $55 billion contribution to the economy in 2026.
  • The report reports an average annual wage of about $133,000 for crypto jobs and uses an input‑output model to convert that headcount into roughly 232,000 total supported jobs through supplier and household spending effects.
  • Pragmatic Policy Group built the numbers from 2024 BEA and BLS data and tech occupational proxies because no official crypto workforce classification exists, and the authors note this mapping is a key limitation.
  • Employment is heavily clustered: California, New York and Texas account for the bulk of supported jobs, while Colorado and North Dakota are named as growing hubs tied to state policy and mining or fintech activity.
  • The study was funded by the industry group NCA and is likely to be used in policy and investor discussions, but independent replication and clearer methodology are needed before treating the headline figures as definitive.