CLARITY Act Faces Senate Vote and Regulatory Hurdles

Ripple Chief Legal Officer Stuart Alderoty is urging US senators to support the CLARITY Act ahead of a September 15 cloture vote. The National Cryptocurrency Association, which Alderoty leads, estimates that the crypto industry supports 34,000 direct full-time-equivalent jobs and 232,000 jobs when supplier and household-spending effects are included. Its 2026 model projects more than $55 billion in US GDP contribution, $31 billion in worker income and average wages of about $133,000. These are industry-commissioned estimates, not official payroll data or jobs directly created by the CLARITY Act. The 2:15 p.m. Eastern vote on H.R. 3633 is a motion to begin Senate debate, not a final passage vote. It requires 60 votes, meaning Republicans need Democratic support. The House passed the CLARITY Act 294-134 in July 2025, while the Senate Banking Committee advanced an amended version 15-9 in May 2026. Because the Senate changed the bill, both chambers must approve identical text before it can reach the president. Ethics provisions and stablecoin rules remain unresolved, while Kalshi prices the chance of enactment before October 1, 2027 at 45%. For crypto traders, the CLARITY Act is a regulatory catalyst rather than a confirmed economic stimulus measure. A successful procedural vote could improve sentiment toward US crypto regulation and benefit exchanges, token issuers and blockchain firms. Delays or failure could prolong regulatory uncertainty. The immediate price impact on XRP and the wider crypto market is likely limited unless the vote changes expectations for US digital-asset policy.