CLARITY Act Could Bring More Crypto Jobs To the US

Alderoty Makes the Economic Case for CLARITY

Ripple chief legal officer and National Cryptocurrency Association president Stuart Alderoty is pressing lawmakers to pass the Digital Asset Market Clarity Act, arguing that a vote for the bill is effectively "a vote for jobs and economic growth."

His push comes alongside fresh data from the NCA. The crypto industry directly employs 34,000 people in the U.S. and supports 232,000 jobs in total once suppliers and worker spending are counted, according to a report the National Cryptocurrency Association commissioned and funded. The report also puts the average crypto-related job at $133,000 a year, more than double the national median of $64,000.

A further 75,000 jobs sit with suppliers and contractors serving the industry, including law firms, cloud-computing providers and accounting businesses, while an estimated 123,000 additional roles are sustained by spending from crypto workers themselves.

California and New York alone account for more than 111,000 of those supported jobs. California leads the country with around 57,600 positions supported, followed by New York and Texas.

Senate Vote Looms, But Hurdles Remain

The U.S. Senate has taken the first formal step toward voting on the Clarity Act, with a procedural vote scheduled for September 15. The Clarity Act, if passed into law, would provide a formal legal structure for most cryptocurrency activity in the United States, drawing jurisdictional lines between the SEC and CFTC, and placing much of the industry under the purview of the latter.

There are a number of outstanding issues lawmakers need to come to agreements on for a successful vote, including government ethics, law enforcement provisions and stablecoin yield and rewards. The bill needs 60 votes just to proceed to floor debate, a bar it has not yet cleared.

The legislation has already gone further than any previous attempt to establish a comprehensive U.S. crypto framework. The House passed CLARITY in July 2025 by a vote of 294 to 134, with 78 Democrats joining every Republican who voted. Alderoty and the NCA are now using the jobs data to build a bipartisan economic argument for getting the bill over the line in the Senate.

Sources:
The Block: NCA Crypto at Work Report
CoinDesk: Senate Opens First Stage of CLARITY Act Voting
Forbes: Crypto's Landmark CLARITY Bill Is Running Out of Time