“The crypto gold rush may be over, but the past few years can provide local leaders with lessons on how to capitalize on emerging technologies,” Carmona wrote, arguing that policymakers may have more success betting on technologies backed with federal funding, like artificial intelligence, quantum information science and biotechnology. “It bears noting that the number of crypto industry job postings was extremely small even at the peak: less than 0.15% of all postings, with the current level lingering at less than 0.08%,” according to the report.Īlso read: Here are the Republicans running for president Values fluctuated, so did job postings, with the most dramatic surge taking place in 2021 and early 2022,” she added, noting that the failure of crypto projects like TerraUSD and FTX was followed by a “dramatic” decline in the number of crypto job postings. However, much like the prices of cryptocurrencies themselves, this trend was not without volatility,” Carmona wrote. “During the period of growing crypto popularity in the mid-2010s, industry job postings saw an overall upward trend. The report looks at the share of job listings that require “crypto and blockchain skills” as a share of overall listings as well as the number of startups in the space, and found that crypto job openings have declined significantly since the FTX collapse last November. Now see: Supreme Court’s student-loan decision could be a blueprint for blocking SEC’s war on crypto “Despite some state and local governments’ efforts to attract crypto activity, few of the associated startups and jobs have been stable or sustainable,” according to the report, authored by Tonantzin Carmona, a fellow at Brookings Metro who studies the impact of public policy on local economies.
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