1 August 2026
Over 100 Crypto Companies In US Received Prevention Aid
The government in the US has passed the scheme under the COVID-19 relief program called Paycheck Protection Program. The scheme meant is to help those who are affected by COVID-19 lockdowns. PPP handouts have helped 100 companies dealing with crypto and blockchain.
US’s government Small Business Administration (SBA) revealed the data that shows 100 of companies in crypto have received millions of dollars in aid to prevent disruptions due to COVID-19 lockdowns. After analyzing the loan data in detail it shows unique insights into the survival of the crypto realm in pandemic times.
The SBA data has gained attention, especially from the crypto community. The figures in data show the actual scale of some of the biggest firms operating in the crypto realm. If one has to understand the dynamics behind PPP loan distribution, one should have to know the criteria. Companies who received PPP were on the basis of payroll expenses and the number of employees.
Companies with a high number of employees received bigger loans under the PPP program of the US government.
Blockchain is still considered an emerging industry in the US and that is the reason crypto companies received the lowest loan under the PPP Loan. In total, crypto industries received $42 million help under the PPP program.
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