U.S. Crypto Industry Booms, Projected to Contribute $55 Billion to GDP by 2026

The U.S. cryptocurrency industry is growing rapidly, directly employing over 34,000 people and potentially contributing more than $55 billion to GDP by 2026.

According to a report from the National Cryptocurrency Association, this growth will be driven in part by job creation: 10,100 software, blockchain, and data engineers, 5,450 employees in compliance, finance, and business operations, and 5,100 executives and managers are already working in the industry.

This workforce is projected to increase GDP more than coffee and tea manufacturing, which employs 28,400 people, or cement manufacturing, with 15,300 workers. California leads the way, with 57,600 jobs, followed by New York (53,700), Texas (26,500), and Washington state (15,000).