This year, Blockchain Association and the Crypto Council for Innovation engaged Oxford Economics to study the jobs and economic impact of the United States crypto industry. Combining all the channels of impact – direct, indirect (supply chain), and induced (wage spending) – the total impact of 92 surveyed BA and CCI members on the US economy amounted to $6.5 billion in gross value added contribution to U.S. GDP in 2021. This economic impact supported more than 45,000 jobs throughout the United States. In addition, the direct, indirect, and induced economic activity supported by these BA and CCI members generated $916 million in federal tax revenue in 2021 and an additional $450 million in state and local tax revenue.
