Alderoty Seeks Passage of Clarity Act to Boost U.S. Jobs and Economic Growth

Ripple's Chief Legal Officer Stuart Alderoty has urged U.S. lawmakers to pass the Clarity Act, a proposed crypto regulatory bill that aims to clarify the distinction between digital assets and securities.

The Clarity Act would provide much-needed regulatory certainty for crypto companies operating in the United States, which currently face uncertainty due to the lack of clear rules.

According to NCA, the U.S. crypto sector supports approximately 232,000 jobs, including direct roles at crypto companies, supplier and contractor positions, and consumer spending-related jobs.

The passage of the Clarity Act could help retain and attract crypto businesses and talent, contributing to job growth and economic expansion.