Ripple Chief Legal Officer and National Cryptocurrency Association (NCA) President Stuart Alderoty has urged senators to support the Digital Asset Market Clarity Act ahead of a September 15 Senate cloture vote, pointing to an NCA-commissioned study estimating that the crypto industry directly supports about 34,000 full-time-equivalent US positions, with a broader total of 232,000 jobs nationwide.

CLARITY Act Could Bring More Crypto Jobs To the US

Ripple chief legal officer Stuart Alderoty says CLARITY Act passage could boost U.S. employment.

A National Cryptocurrency Association study estimates 232,000 American jobs depend on the crypto industry.

The report puts… pic.twitter.com/BIPzG7njUu

— BSCN (@BSCNews) August 31, 2026

The CLARITY Act, formally H.R. 3633, is the market-structure half of Congress's two-track crypto legislative effort. It would draw a line between digital commodities and securities and assign lead oversight of the spot market for digital commodities to the Commodity Futures Trading Commission, with the Securities and Exchange Commission retaining authority over digital assets that are securities — a division the industry has long argued is necessary for firms to know which regulator's rules apply to which products. Its companion track, the stablecoin bill, was already resolved when the GENIUS Act was signed into law in July 2025.

The September 15 cloture vote, scheduled for 2:15 p.m. Eastern on H.R. 3633, will determine only whether the Senate formally begins considering the bill, not whether it passes. The situation is not simply an industry group publicizing an economic estimate: it is an industry-commissioned model being deployed as a political argument at the moment CLARITY needs Democratic votes to clear a procedural threshold. The 232,000 figure describes crypto's current modeled footprint rather than jobs the bill itself would create.

Where the Bill Actually Stands

The House passed the CLARITY Act by a vote of 294-134 on July 17, 2025, with 78 Democrats joining Republicans in support. In May 2026, the Senate Banking Committee advanced an amended version of the bill by a vote of 15-9, with Democratic Senators Ruben Gallego and Angela Alsobrooks siding with the committee's Republicans.

The motion to proceed on September 15 requires 60 votes, meaning Republicans will still need Democratic support to clear the procedural threshold. Because the Senate committee modified the text passed by the House, both chambers must reconcile their versions to ensure they are identical before the bill can be sent to the president. Disputes remain over ethics provisions and stablecoin rules, which could cause delays within the bill's narrow September window.

Kalshi markets currently estimate a 44% chance that the CLARITY Act will be enacted before October 1, 2027. Although that figure has decreased by one percentage point, it indicates that market participants see a significant possibility of a "Yes" outcome at the September 15 meeting. (Source: Kalshi)

What the 232,000 Figure Actually Measures

The NCA's "Crypto at Work" report, produced by the Pragmatic Policy Group, breaks the total of 232,000 jobs down into approximately 75,000 supply-chain roles and 123,000 jobs related to workers' spending in crypto-linked positions. The model accounts for multiplier effects across sectors including cloud computing, legal services, accounting, housing, and transportation. It draws on data from the 2024 Bureau of Economic Analysis input-output tables and the Bureau of Labor Statistics, along with a revenue estimate of $23.22 billion sourced from Statista.

The report also projects a contribution of more than $55 billion to US gross domestic product by 2026, with an estimated $31 billion in worker income and average wages of around $133,000, compared with a national median of about $64,000. These figures are modeled estimates rather than actual payroll census or government labor statistics, and the report was commissioned by the association that Alderoty leads.

Beyond the cloture vote itself, the immediate markers to watch are the size of any Democratic defections on the motion to proceed, how quickly the Senate can move to floor amendments on the disputed ethics and stablecoin provisions, and whether the House and Senate versions can be reconciled before the legislative calendar compresses toward the election season. A failure of the motion to proceed would leave market-structure rules to the existing SEC and CFTC frameworks, which is precisely the status quo the bill was written to change.