Ripple Chief Legal Officer Stuart Alderoty has linked the passage of the CLARITY Act to potential job creation and broader economic growth in the United States.
“A vote for Clarity is a vote for jobs and economic growth,” Alderoty wrote on X.
His comments follow the release of new research from the National Cryptocurrency Association (NCA) examining the cryptocurrency industry’s contribution to the U.S. labor market. Produced in partnership with Pragmatic Policy Group, the report estimates that the crypto sector will support 232,000 jobs across the country in 2026.
Approximately 34,000 of those positions are direct jobs at cryptocurrency companies such as Ripple and Coinbase. Suppliers and contractors serving the industry support another 75,000 jobs, including roles at law firms, cloud-computing providers and accounting businesses.
According to the NCA, the cryptocurrency industry contributes more than $55 billion to the U.S. economy and generates about $31 billion in worker income.
California leads the country with approximately 57,600 crypto-supported jobs, followed by New York with 53,800 and Texas with 26,500. Washington, North Carolina and Colorado account for 15,100, 9,500 and 5,800 jobs, respectively.
The study also found that crypto-linked employment offers relatively high wages. Average pay across the jobs included in the report is approximately $133,000, compared with a national median wage of $64,000.
CLARITY Act remains stalled in the Senate
The CLARITY Act remains unfinished despite making substantial progress in Congress. The bill passed the House of Representatives by a 294-134 vote in July 2025 before advancing to the Senate.
The Senate Banking Committee moved the legislation forward in a bipartisan 15-9 vote in May. Senate lawmakers released updated bill language in July.
Senate Majority Leader John Thune later pushed the planned vote beyond the August recess. A cloture vote is now scheduled for Sept. 15.
White House officials continue to argue that the CLARITY Act can advance in September. For now, however, the outlook remains unfavorable for crypto bulls.
