Crypto Jobs Become Key Argument as Alderoty Pushes Senate on CLARITY Act

Stuart Alderoty is pointing to a modeled estimate of 232,000 U.S. jobs linked to the crypto economy as the Senate approaches a key vote on whether to take up the CLARITY Act.

Ripple Chief Legal Officer and National Cryptocurrency Association (NCA) President Stuart Alderoty is urging senators to advance the Digital Asset Market Clarity Act ahead of the September 15 cloture vote.

An NCA-commissioned study estimates that crypto directly accounts for about 34,000 full-time-equivalent jobs in the U.S. After factoring in indirect and induced employment, the report estimates the industry supports roughly 232,000 jobs across the country.

The Senate’s cloture vote on H.R. 3633 is scheduled for 2:15 p.m. Eastern on September 15. It will determine whether the Senate can begin formally considering the bill, rather than decide whether the legislation will ultimately pass.

Alderoty’s use of the 232,000 figure comes as lawmakers weigh whether the industry should receive a clearer federal regulatory framework. But the estimate describes crypto’s existing economic impact, not the number of jobs CLARITY would create if enacted. The distinction is particularly relevant because the bill needs 60 votes to clear the Senate’s procedural hurdle, requiring support from Democrats.

Senate Vote Puts CLARITY Act in Focus

The House approved the CLARITY Act 294-134 on July 17, 2025, with 78 Democrats voting alongside Republicans. The Senate Banking Committee then advanced an amended version by a 15-9 vote in May 2026, with Democratic Senators Ruben Gallego and Angela Alsobrooks backing the bill.

The September 15 motion to proceed requires 60 votes, making bipartisan support necessary for the legislation to move ahead.

The Senate’s amendments also mean the House and Senate versions must eventually be reconciled. Both chambers will need to approve the same language before the bill can be sent to the president. Remaining disagreements include provisions related to ethics and stablecoin regulation.

Kalshi markets currently put the probability of CLARITY becoming law before October 1, 2027, at 45%. The figure is down seven percentage points, but the market still treats the September 15 vote as an important milestone for the legislation.

What the 232,000 Jobs Figure Covers

The NCA’s Crypto at Work report, produced by Pragmatic Policy Group, estimates that crypto activity supports around 232,000 jobs nationwide. The estimate includes approximately 75,000 supplier positions and 123,000 jobs associated with household spending by people employed in crypto-related roles.

The report applies economic multipliers to industries including cloud computing, accounting, legal services, transportation and housing. Its calculations rely on 2024 Bureau of Economic Analysis input-output data, Bureau of Labor Statistics information and a $23.22 billion estimate for crypto-industry revenue from Statista.

The study estimates that the industry could account for more than $55 billion of U.S. GDP in 2026 and generate around $31 billion in employee income. It puts average wages for crypto-related workers at roughly $133,000, compared with a national median of about $64,000.

However, the figures are based on economic modeling rather than an official government employment count or a live payroll survey. The study was commissioned by the NCA, which Alderoty leads.

Alderoty wrote on August 30 that backing CLARITY represents support for jobs and economic growth. The study itself, however, does not demonstrate that passage of the bill would directly produce a specific number of new jobs.

Instead, its 232,000 figure reflects the crypto sector’s estimated economic footprint today. It does not quantify additional jobs that could emerge from CLARITY’s proposed regulatory system, which would divide digital-asset oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission.