Stuart Alderoty is highlighting a modeled estimate of 232,000 U.S. jobs tied to the crypto industry as senators prepare to decide whether to begin debate on the CLARITY Act.
Ripple Chief Legal Officer and National Cryptocurrency Association (NCA) President Stuart Alderoty urged lawmakers to support the Digital Asset Market Clarity Act ahead of the Senate’s scheduled September 15 cloture vote.
A study commissioned by the NCA estimates that the crypto sector directly accounts for roughly 34,000 full-time-equivalent jobs in the U.S. When indirect and induced employment is included, the industry’s broader economic footprint reaches an estimated 232,000 jobs.
The September 15 cloture vote on H.R. 3633 is scheduled for 2:15 p.m. Eastern. The vote would determine whether the Senate can proceed with formal consideration of the bill, rather than decide whether the legislation will ultimately pass.
The 232,000 figure is being used as part of the political case for the legislation. The estimate comes from an industry-backed economic model and reflects the crypto sector’s current estimated footprint, not the number of jobs that CLARITY would directly create. The distinction is important as the bill seeks enough Democratic support to overcome the Senate’s procedural threshold.
Where the CLARITY Act Stands
The House passed the CLARITY Act 294-134 on July 17, 2025, with 78 Democrats joining Republicans in support. The Senate Banking Committee later approved an amended version by a 15-9 vote in May 2026, with Democratic Senators Ruben Gallego and Angela Alsobrooks voting alongside Republicans.
The motion to proceed on September 15 requires 60 votes, making Democratic support essential for Republicans to move the legislation forward.
Because the Senate changed portions of the House-passed bill, the two chambers would have to reach agreement on identical language before the measure could be sent to the president. Disputes involving ethics provisions and stablecoin regulations also remain unresolved, adding another hurdle to the legislation.
Kalshi markets currently put the odds of the CLARITY Act becoming law before October 1, 2027, at 45%. Although the probability has fallen by seven percentage points, the market still reflects significant attention on the September 15 vote as a key test for the bill’s prospects.
Breaking Down the 232,000 Jobs Estimate
The NCA’s Crypto at Work report, prepared by Pragmatic Policy Group, estimates that the industry supports about 232,000 jobs across the U.S. economy. Of that total, roughly 75,000 are supplier-related positions, while another 123,000 are linked to spending by employees working in crypto-related jobs.
The model accounts for economic activity across sectors including cloud computing, legal services, accounting, housing and transportation. It uses 2024 input-output data from the Bureau of Economic Analysis, Bureau of Labor Statistics figures and a $23.22 billion estimate of industry revenue from Statista.
The report also estimates that crypto-related activity could contribute more than $55 billion to U.S. GDP in 2026 and generate around $31 billion in employee income. Average wages are estimated at approximately $133,000, compared with a national median of about $64,000.
These figures are projections generated through an economic model rather than an official government employment count or a live payroll survey. The study was also commissioned by the NCA, the organization led by Alderoty.
Alderoty argued in an August 30 post that supporting CLARITY should be viewed as supporting jobs and economic growth. However, that position does not establish that passage of the bill itself would produce a specific number of jobs.
The NCA study measures the crypto industry’s estimated economic footprint under current conditions. It does not determine how many additional jobs could be created if CLARITY becomes law and establishes a federal regulatory framework dividing digital-asset oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission.
