Why does Ripple support the CLARITY Act?

Ripple Chief Legal Officer Stuart Alderoty supports the CLARITY Act because he argues clearer crypto rules could support US jobs and economic growth.

What is the CLARITY Act?

The CLARITY Act is a proposed US law that would establish clearer regulatory rules for digital assets and distinguish securities from commodities.

How many jobs does the US crypto sector support?

The National Cryptocurrency Association estimates the US crypto sector supports about 232,000 jobs, including 34,000 direct crypto roles and about 75,000 supplier and contractor positions.

What economic value does the US crypto sector generate?

The National Cryptocurrency Association estimates the US crypto sector generates $55 billion in economic value and contributes $31 billion in additional worker income.

Could the CLARITY Act create more US crypto jobs?

Ripple Chief Legal Officer Stuart Alderoty argues clearer rules could support job growth, but any future employment increase remains a potential outcome rather than a confirmed result.

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Ripple links CLARITY Act to 232,000 jobs

Written by Heidi Cuthbert Published Aug 31, 2026, 3:21 AM

Ripple Chief Legal Officer Stuart Alderoty urged US lawmakers to support the proposed CLARITY Act.
National Cryptocurrency Association research estimates the US crypto sector supports 232,000 jobs and $55 billion in economic value.
Alderoty argues clearer crypto rules could support jobs and economic activity in the US.

Ripple Chief Legal Officer Stuart Alderoty urged US lawmakers to support the proposed CLARITY Act, linking the legislation to 232,000 crypto-related US jobs.

The National Cryptocurrency Association (NCA) estimates the US crypto sector supports 232,000 jobs and generates $55 billion in economic value.

“A vote for Clarity is a vote for jobs and economic growth,” said Ripple Chief Legal Officer Stuart Alderoty in a post on X.

The NCA estimates 34,000 jobs are direct crypto roles, while suppliers and contractors account for about 75,000 more.

Alderoty said clearer rules could help retain crypto businesses and jobs in the US, although these are potential outcomes rather than established results.

The CLARITY Act aims to establish clearer rules for digital assets and define regulatory responsibilities between US agencies.

The NCA estimates crypto-related activity also contributes $31 billion in additional worker income, while California, New York and Texas have the largest job totals.

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a month ago

Ripple backs CLARITY Act as vote nears

Ripple executives have called on US lawmakers to approve the CLARITY Act, saying the proposed legislation would create clearer rules for the cryptocurrency industry.