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Alderoty Presses Senators on CLARITY Act Amid Job Creation Estimates

Guavy AI Editorial Team
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Ripple's Chief Legal Officer Stuart Alderoty is urging senators to support the Digital Asset Market Clarity Act (CLARITY Act) ahead of a crucial Senate cloture vote on September 15.

Alderoty cites a modeled estimate that the crypto industry directly supports around 34,000 full-time-equivalent US positions and a broader total of 232,000 jobs nationwide. This figure comes from a study commissioned by the National Cryptocurrency Association (NCA), which applied multiplier effects across various industries.

The NCA's report projects that the crypto industry would contribute over $55Bn to the US gross domestic product in 2026 and generate average wages near $133,000 per worker. However, it is essential to note that these are modeled estimates rather than actual job counts or government statistics.

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