A study from the National Cryptocurrency Association (NCA), an organization backed by Ripple Labs, analyzed the economic impact of the entire crypto industry in the United States, estimating that wages, worker spending, and production will have contributed $55 billion this year.
According to a report Published on Wednesday by the Pragmatic Policy Group on behalf of the NCA, the total economic contribution was based on direct, indirect and induced employment. Among the sectors benefiting from crypto’s economic contributions, the NCA said investments in securities and commodities contracts were among the highest, at $9.7 billion, while housing and real estate accounted for a total of $4.8 billion.
The research found that approximately 34,000 people in the United States were directly employed by crypto companies, representing just a fraction of the 232,000 jobs supported by the industry across the entire economy. That would mean crypto companies directly employ more Americans than the coffee and tea manufacturing and aerospace industries, according to data from the U.S. Bureau of Labor Statistics.
The growing employment footprint of the crypto industry in the United States. Source: ANC
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Among U.S. states, Texas, Washington, North Carolina, California and New York employ the most people involved in the industry, but Colorado is a “growing blockchain hub” based on favorable regulatory policies, according to the economic report. The NCA added that North Dakota was “becoming an energy-integrated digital infrastructure hub” due to the state’s tax laws favoring crypto mining and pro-flaring gas policies.
The NCA launched in March 2025 as a nonprofit organization focused on consumer crypto education, with the support of $50 million from Ripple. Stuart Alderoty, Ripple’s chief legal officer, leads the group.
The industry experienced several closures in 2026
Several digital asset projects have announced that they will cease operations this year for various reasons, including difficulties with scaling and market conditions.
Entropy, a New York-based crypto startup, said in January that it would stop after four years of activity. Dmail, a decentralized messaging platform based in Singapore, began to cease its activities in May, citing spending on bandwidth, storage and computing. Decentralized autonomous organization governance platform Tally and Balancer Labs also shut down in March.
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