Research by the National Cryptocurrency Association (NCA), an organization backed by Ripple Labs, analyzed the economic impact of the entire cryptocurrency industry in the United States, estimating that wages, employee expenses and production will contribute $55 billion this year.
According to A report published on Wednesday by the Pragmatic Policy Group on behalf of the national competition authority, the total economic contribution was based on direct, indirect and induced employment. Of the sectors set to benefit from cryptocurrencies’ contribution to the economy, the NCA said investment in securities and commodity futures was among the highest at $9.7 billion, while housing and real estate totaled $4.8 billion.
The study found that about 34,000 people in the U.S. were directly employed by crypto companies, which is just a fraction of the 232,000 jobs supported by the industry across the economy. That would mean that crypto companies directly employ more Americans than coffee and tea producers and the airline industry, according to data from the U.S. Bureau of Labor Statistics.
Crypto Industry Employment Footprint Growing in the U.S. Source: NCA
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Among individual US states, Texas, Washington, North Carolina, California and New York employed the most people related to the industry, but according to the economic report, Colorado was a “growing blockchain center” based on cordial regulatory policy. The NCA added that North Dakota is “emerging as a center for energy-integrated digital infrastructure” due to state tax laws favoring cryptocurrency mining and favorable flare gas policies.
NCA was founded in March 2025 as a nonprofit organization focused on consumer cryptocurrency education with $50 million in support from Ripple. The group is headed by Stuart Alderoty, Ripple’s chief legal officer.
In 2026, the industry saw many outages
Several digital asset projects have announced that they will cease operations this year for various reasons, including scaling difficulties and market conditions.
Entropy, a New York-based cryptocurrency startup, said in January that it would go out of business after four years of operation. Dmail, a Singapore-based decentralized email platform, began shutting down operations in May, citing bandwidth, storage and data processing expenses. Decentralized autonomous organization management platform Tally and Balancer Labs also shut down in March.
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