- The US has almost a third of all crypto workforce in the world with 53,600 employees.
- This is due to top exchanges based in the US alongside Silicon Valley and New York hubs.
- A new bill was submitted today in an attempt to regulate crypto in the US and is pending review.
The US contains almost a third of all crypto employees around the world, according to data published by K33 Research. To be exact, the figure is around 53,600 employees, or around 29%.
What is more, the second-largest North American country in terms of crypto workforce is Canada with only 5,000 employees. This is only a tenth of the employees in the US.
The major reason for the significant saturation of crypto employees in the US is that some of the largest crypto exchanges are based in the said country. Namely, these are Binance US, Coinbase, Kraken, and Gemini. Other crypto firms in the US are based from Silicon Valley and New York hubs.
K33 Research, formerly Arcane Research, claimed the reason for this is that America still dominates the world in the capital markets frontier.
While the crypto industry is still largely unregulated in the US, initiatives are being pushed forward to cater to the burgeoning market. Specifically, several congressmen have filed a bill today to regulate the digital asset space in the US, with the help of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). This bill is now pending for review next week.
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