US Crypto Industry Backs 232K Jobs as Coinbase, Goldman Sachs Push CLARITY Act

• The US crypto industry supports an estimated 232,000 jobs and contributes more than $55 billion to the economy, according to a new National Cryptocurrency Association report
• Coinbase CEO Brian Armstrong and Goldman Sachs CEO David Solomon have both backed the CLARITY Act, adding pressure on the Senate to advance crypto market structure legislation
• Despite growing industry support, Polymarket has cut the odds of the CLARITY Act becoming law in 2026 to 37%, highlighting continued uncertainty around its passage

The conversation around crypto in the US is changing. For years, lawmakers have mostly focused on enforcement actions and investor protection. Now, the US crypto industry is making a different case. A new report says the sector supports hundreds of thousands of American jobs and contributes billions to the economy. This comes as the Senate prepares to take up the CLARITY Act. With backing from both Coinbase and Goldman Sachs, the industry’s latest push arrives at a pivotal moment.

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US Crypto Industry Emerges as a Major Economic Contributor

A report from the National Cryptocurrency Association estimates the US crypto industry supports around 232,000 jobs. It contributes more than $55 billion to the US economy each year. The figures span crypto exchanges, blockchain developers, payment companies, miners and infrastructure providers. This shows how the sector has expanded beyond a niche market into a growing part of the country’s financial and technology ecosystem.

The report arrives as institutional adoption continues to broaden. Spot Bitcoin exchange-traded funds have attracted billions in inflows since their launch. Meanwhile, major financial firms have expanded digital asset offerings, giving the industry a stronger foothold in traditional finance.

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Why the CLARITY Act Matters to the US Crypto Industry

The economic argument is now being paired with a fresh push for regulatory certainty. Coinbase CEO Brian Armstrong urged the Senate to bring the CLARITY Act to a floor vote, saying negotiations have wrapped up and lawmakers should move the bill forward. Goldman Sachs CEO David Solomon echoed that view, saying he supports advancing the legislation to establish clearer market structure rules for digital assets. Solomon added,

“The Clarity Act — like all legislation — is not perfect. And there are lots of things that you could debate and argue about. But I think one of the most important things that it does is that it creates a level playing field to enhance market stability and allow these markets to develop appropriately.”

The CLARITY Act would outline whether cryptocurrencies fall under the jurisdiction of the Securities and Exchange Commission or the Commodity Futures Trading Commission, giving exchanges, issuers and developers a clearer regulatory framework.

The legislation still faces uncertainty despite the growing support. Prediction market Polymarket recently lowered the probability of the CLARITY Act becoming law in 2026 to 37%. This comes even as Senate Republicans continue working toward a floor vote before the August recess.

This captures where the debate stands today. Industry leaders argue the US crypto industry has become too economically significant to operate without clear rules, while traders remain unconvinced that political momentum will be enough to carry the legislation across the finish line.

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