Stuart Alderoty is citing an estimated 232,000 crypto-related jobs as he pushes senators to advance the CLARITY Act ahead of a crucial procedural vote.

Ripple Chief Legal Officer and National Cryptocurrency Association (NCA) President Stuart Alderoty has called on senators to support the Digital Asset Market Clarity Act before the Senate’s September 15 cloture vote.

His argument points to an NCA-commissioned study estimating that the U.S. crypto industry directly supports about 34,000 full-time-equivalent jobs. When indirect and induced employment are included, the sector’s broader economic footprint is estimated at roughly 232,000 jobs.

The Senate is set to hold the cloture vote on H.R. 3633 at 2:15 p.m. Eastern on September 15. The vote would only determine whether lawmakers can formally begin debating the legislation, not whether the bill ultimately becomes law.

The 232,000 figure is being used as a policy argument in favor of regulatory clarity. It does not represent jobs that CLARITY itself would create. Instead, the figure reflects the crypto industry’s modeled economic footprint at present, at a time when the legislation needs Democratic support to clear the Senate’s 60-vote procedural threshold.

CLARITY Act Enters a Critical Stage

The House passed the CLARITY Act by a 294-134 vote on July 17, 2025, with 78 Democrats voting in favor. The Senate Banking Committee later approved an amended version 15-9 in May 2026, with Democratic Senators Ruben Gallego and Angela Alsobrooks joining Republicans to support the measure.

The September 15 motion to proceed requires 60 votes, making Democratic support critical for the bill to move forward.

The Senate’s changes to the House version also mean lawmakers must eventually reconcile the two texts. Both chambers need to approve identical language before the legislation can reach the president. Disagreements over ethics provisions and stablecoin regulations remain among the issues that could complicate the process.

Kalshi markets currently estimate a 45% probability that the CLARITY Act becomes law before October 1, 2027. Although the odds have declined by seven percentage points, the market continues to view the September 15 vote as a significant test of 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 crypto-related activity supports approximately 232,000 U.S. jobs. About 75,000 are attributed to suppliers, while another 123,000 are associated with spending by employees working in crypto-linked positions.

The analysis uses economic multipliers to measure activity across industries such as cloud computing, accounting, legal services, housing and transportation. Its methodology incorporates 2024 Bureau of Economic Analysis input-output tables, Bureau of Labor Statistics data and a $23.22 billion crypto-industry revenue estimate from Statista.

The report forecasts more than $55 billion in U.S. GDP contributions from the sector in 2026, along with approximately $31 billion in worker income. It estimates average crypto-related wages at nearly $133,000, compared with a national median of about $64,000.

These figures are economic-model projections rather than official labor statistics or a direct payroll count. The report was also commissioned by the NCA, an organization led by Alderoty.

Alderoty said in an August 30 post that supporting CLARITY should be viewed as supporting jobs and economic growth. However, the study does not establish a direct link between passage of the legislation and the creation of a specific number of jobs.

Instead, the report estimates the crypto industry’s existing economic footprint. It does not measure the additional employment that could potentially emerge if CLARITY becomes law and establishes a federal framework dividing digital-asset oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission.