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Ripple Chief Legal Officer Stuart Alderoty says Sept. 15 will be a defining moment for the Digital Asset Market Clarity Act, as the crypto industry watches a narrowing legislative window. Alderoty made the comments at the Wyoming Blockchain Symposium 2026 on Aug. 18, the same day the SEC proposed its own crypto regulatory framework.
A procedural Senate vote is scheduled for Sept. 15 on the CLARITY Act. The motion to proceed requires 60 votes to pass. Alderoty said that threshold will reveal whether the bill can continue moving through Congress. “September 15th will be a bellwether mark as to whether this continues to advance through Congress,” he said. “We hope it does.”
Regulators Will Keep Moving Even if the CLARITY Act Fails
Alderoty, who also serves as president of the National Crypto Association (NCA), said the SEC and CFTC have both signaled they will continue advancing crypto rules regardless of what happens in Congress. He pointed to growing coordination between the two agencies as a positive development. “The SEC and the CFTC are working very closely together, which is a great thing to see,” he said. “In the past, they haven’t always done that.”
He was clear that legislation remains the stronger outcome. Rules set through the regulatory process can be reversed by future administrations, while legislation is harder to undo. “Legislation will always be complemented by regulations,” he said. “We’re going to have regulation one way or the other.”
Related Article:US CLARITY Act Push Fails, but Bitcoin Price Still Rallies Anyways
NCA Research Points to 232,000 Crypto Jobs at Risk of Going Offshore
Alderoty warned that failing to pass the CLARITY Act could cost the US significant economic activity. New NCA research estimates there are 232,000 crypto-adjacent jobs in the US, generating $55 billion in economic activity. “I think the US will miss an incredible opportunity if we don’t get it through,” he said. “There is a real danger that this is gonna be pushed offshore.”
He also pushed back against the perception thatcryptocurrency ownership is concentrated among young men in finance and technology. NCA research released Aug. 18 found that as many crypto holders are over 55 as under 25, and roughly one-third are women. More US crypto holders work in manufacturing and construction than in finance and tech, he said. “Those are the people that are leaning into crypto. Not because they see it as a replacement for traditional finance; they see it as a supplement to traditional finance,” Alderoty said.
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