Alderoty argues the CLARITY Act could support employment, but his statement remains an industry claim.
Summary
- Alderoty argues the CLARITY Act could support employment, but his statement remains an industry claim.
- An NCA-commissioned study estimates crypto directly employs 34,000 workers and supports 232,000 jobs nationwide today.
- The modeled employment total includes supplier positions and jobs supported indirectly through household worker spending.
- Senate records schedule a September 15 cloture vote determining whether lawmakers begin formally considering CLARITY.
- CLARITY passed the House 294-134, while Senate Banking advanced amended legislation by 15-9 in May.
An NCA-commissioned study estimates crypto directly employs 34,000 workers and supports 232,000 jobs nationwide today.
Senate records schedule a September 15 cloture vote determining whether lawmakers begin formally considering CLARITY.
Ripple Chief Legal Officer Stuart Alderoty urged U.S. senators to support the Digital Asset Market Clarity Act ahead of its next procedural vote, arguing that the legislation could promote employment and economic growth.
“A vote for Clarity is a vote for jobs and economic growth,” Alderoty wrote on Aug. 30. His statement is a policy argument rather than a finding that passing the bill would create a specific number of jobs.
Alderoty is also president of the National Cryptocurrency Association, which commissioned the employment research underpinning his argument
CLARITY Act job figures rely on economic modeling
The NCA’s Crypto at Work report, produced by Pragmatic Policy Group, estimates that crypto companies directly support about 34,000 full-time-equivalent U.S. positions in 2026.
The study places the industry’s broader employment footprint at 232,000 jobs. That total includes approximately 75,000 supplier positions and 123,000 jobs connected to spending by workers whose employment is directly or indirectly linked to crypto.
The 232,000 figure does not mean cryptocurrency businesses employ that many people directly. It is an economic-impact estimate built using multiplier effects across cloud computing, legal services, accounting, housing, transportation and other sectors.
As crypto.news reported, the model uses 2024 Bureau of Economic Analysis input-output tables, Bureau of Labor Statistics data and a $23.22 billion industry revenue estimate sourced from Statista.
NCA estimates $55B economic contribution
The report estimates that crypto-related activity will contribute more than $55 billion to U.S. gross domestic product during 2026. It also projects approximately $31 billion in worker income.
Average wages across the jobs included in the model were estimated at about $133,000. The NCA compared that figure with a national median wage of roughly $64,000.
California represented an estimated 57,649 supported jobs, followed by New York with 53,766 and Texas with 26,536. Washington and North Carolina accounted for about 15,097 and 9,524 jobs, respectively.
These are modeled estimates rather than a live payroll census. The report was commissioned by an industry association led by Alderoty, so its findings should not be presented as independent government employment statistics.
CLARITY Act faces September 15 Senate test
Official Senate records schedule a cloture motion on H.R. 3633 for Sept. 15 at 2:15 p.m. Eastern. The vote will determine whether senators formally begin considering the legislation.
It will not be a final vote on passing the CLARITY Act. The motion to proceed requires 60 votes, meaning Republican senators will need Democratic support to advance the bill.
The House passed the legislation by 294-134 on July 17, 2025, according to the official roll-call record. Seventy-eight Democrats joined Republicans in supporting the measure.
The Senate Banking Committee advanced an amended version by 15-9 in May 2026. Democratic Sens. Ruben Gallego and Angela Alsobrooks joined committee Republicans, according to the committee’s announcement.
Passage would require several additional steps
The CLARITY Act would establish federal definitions and registration rules for digital assets, exchanges, brokers and dealers. It would divide oversight between the Securities and Exchange Commission and Commodity Futures Trading Commission based on the asset and transaction involved.
Clearing cloture would only open Senate consideration. Senators could then debate and amend the legislation before holding a separate passage vote.
Because the Senate committee changed the House-approved measure, both chambers would need to approve identical language before the bill could reach the president.
As previously reported, ethics rules and stablecoin provisions remain disputed. The debate includes proposed restrictions involving public officials’ crypto interests, consumer protections and stablecoin rewards.
Alderoty’s claim that CLARITY would support future employment cannot be tested unless the legislation becomes law. The NCA report estimates the industry’s current economic footprint but does not quantify how many additional jobs the bill itself would create.
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