Clarity Act faces a critical Senate test as Ripple Chief Legal Officer Stuart Alderoty claims that crypto regulatory clarity may boost job creation and economic growth in America.
Stuart Alderoty called on the senators to back the bill before a vote planned for Sept. 15. In his Aug. 30 article, Alderoty said voting for the bill will mean voting for jobs and economic growth.
However, his claim is a case of an argument for policy rather than being actual proof that such legislation will create jobs. Moreover, he is the president of the National Cryptocurrency Association (NCA), which conducted a study on the economic effects of the cryptocurrency sector.
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Clarity Act Debate Highlights Crypto Employment
According to the report Crypto at Work, which was conducted by the Pragmatic Policy Group on behalf of the NCA, there will be approximately 34,000 full-time equivalent jobs provided by crypto firms in the USA in 2026.
The employment effect of the crypto industry is estimated by the report to be approximately 232,000 jobs in total. Of those jobs, approximately 75,000 are supplier jobs, while 123,000 jobs are related to employee spending.
It is important to note that 232,000 workers employed do not work directly with cryptocurrency organizations, but rather are affected by the industry on the economy in terms of cloud computing, law, accountancy, real estate, and transport.
This estimate employs the 2024 Bureau of Economic Analysis Input-Output tables, Bureau of Labor Statistics data, and an industry output of $23.22 billion, using Statista as source material.
Crypto Could Add $55 Billion to GDP
The NCA report suggests that crypto-linked economic activity can add up to more than $55 billion to the GDP of the country by the year 2026. The NCA also reports around $31 billion in income for employees involved with crypto.
The average salaries for these positions are expected to be around $133,000, as against the national average salary of around $64,000.
With regard to the number of jobs estimated to be provided, California has the highest number of estimated jobs, which is around 57,649 jobs, while New York has 53,766 jobs and Texas has 26,536 jobs. Washington and North Carolina provide around 15,097 and 9,524 jobs, respectively.
This is an economic estimate and not the live payroll figure. Moreover, the report was prepared at the request of an industry association headed by Alderoty.
Clarity Act Heads Toward September 15 Vote
According to the Senate schedule, there is a cloture vote on H.R. 3633 at 2:15 p.m. EST on September 15. This is a vote to allow the debate and consideration of the Clarity Act bill, not whether the bill will become law or not.
This vote needs 60 votes, which means that Democrats should support the Republicans to pass the bill.
The bill received House approval in July 2025 by a 294-to-134 tally, while in May 2026, the Senate Banking Committee approved a modified version by a 15-to-9 vote.
The Clarity Act would set up federal standards for digital assets, exchanges, broker/dealer, and other activities, while also having jurisdiction divided between the SEC and CFTC.
Even after passing cloture, the bill would still be subject to debate, amendments, and a second passage vote. Since the Senate modified the House bill, both the House and Senate will have to pass an identical version before it becomes law.
The NCA report quantifies the economic contributions of the crypto sector and does not project how many jobs the bill would create.
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