The 2025 U.S. Blockchain Innovation Scorecard

Overview

The blockchain innovation scorecard evaluates all 50 U.S. states across five key indicators of blockchain readiness. These indicators measure how effectively states are positioning themselves to support the growth of blockchain-based finance, also known as onchain finance.

The scorecard reflects the accelerating shift of financial markets from online to onchain, highlighting where states are creating the regulatory clarity, talent ecosystems, and policy support needed to lead in the blockchain industry.

Scorecard Rankings

Trailblazers

These states are setting the pace for blockchain adoption through leadership, innovation, and sustained public-sector engagement. Their activity spans policy, workforce, and industry alignment, making them national examples in the space.

Accelerators

Accelerators are rapidly building momentum around blockchain. With visible political interest and growing industry participation, these states are evolving into active centers of blockchain experimentation and progress.

Initiators

Initiators are engaging with blockchain in meaningful ways, often through early-stage pilots, legislation, or ecosystem development. They are actively learning, adapting,
and laying the groundwork for broader adoption.

Explorers

Explorers are just beginning to explore the blockchain landscape. While early signals
of interest may be emerging, their efforts remain limited in scope as they evaluate potential paths forward.

Methodology

The scorecard assesses blockchain innovation across six distinct categories:

Pro-Crypto Task Forces: Checks whether the state has formed an official task force focused on blockchain or digital assets within the past 24 months; sourced from official media and industry news outlets.
A state receives a ”Yes” if verifiable documentation of a pro-crypto task force (with activity in the last 24 months) is available from an official source. Otherwise, the state receives a “No”.
Government Pilots: Recognizes states that have launched or announced blockchain-related pilots in the past 24 months; sourced from verified government announcements and media coverage.
A state receives a ”Yes” if verifiable documentation of an active government pilot program related to blockchain technology (with activity in the last 24 months) is available from an official source. Otherwise, the state receives a “No”.
North American Blockchain Association (NABA) Membership: Identifies whether a state is officially represented by a member organization within NABA; sourced directly from NABA.
A state receives a “Yes” if a recognized state-level blockchain trade group is listed as a NABA member; otherwise, the state receives a “No”.
Blockchain Workforce: Measures the per-capita presence of employees, according to their provided profile location, from the top 300+ blockchain firms; sourced from LinkedIn data and state workforce statistics from the BLS.
A state receives a label of Developing, Moderate, High, or Very High based on the per-capita concentration of blockchain professionals. Labels reflect the relative depth of blockchain talent present in each state.
Strategic Bitcoin Reserves: Scores states that have publicly taken steps toward holding Bitcoin or treating it as a treasury asset; sourced from state public disclosures and other external sources.
The Strategic Bitcoin Reserve label reflects whether a state has taken legislative steps toward holding Bitcoin as a reserve asset. States are labeled “No” if no action has been taken, “Proposed” if legislation has been introduced, and “Enacted” if a Bitcoin reserve law has passed.
State Congressional Political Support: Averages support levels from the state’s representatives and senators; based on and sourced from Stand With Crypto.
Each state’s score is based on the political crypto stance of its congressional delegation. A state’s label reflects the weighted average sentiment of its members and is categorized as Developing, Moderate, High, or Very High.

State Scorecard for Blockchain Innovation

1. Trailblazer (3)

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2. Accelerator (14)

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3. Initiator (21)

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4. Explorer (12)

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Last updated on July 9, 2025

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