Ripple Chief Legal Officer Stuart Alderoty has cited new data revealing that 67 million Americans now hold cryptocurrency, intensifying the call for clear regulatory frameworks ahead of the CLARITY Act markup scheduled for tomorrow.
The data, sourced from the National Crypto Association’s (NCA) 2026 State of Crypto Holders Report, emphasizes that crypto investors are “everyday Americans” who collectively wield significant electoral power. Alderoty’s statement underlines that politicians cannot afford to ignore this growing constituency.
According to the report, California leads with 9.5 million crypto holders, followed by Texas (5.94 million) and Florida (4.71 million). Even states with the lowest adoption have a baseline of approximately 99,000 holders. Galaxy CEO Mike Novogratz separately stressed the importance of crypto innovation in the U.S., urging Democrats to resist anti-crypto sentiment.
Ripple’s leadership has been a consistent advocate for the CLARITY Act, with Alderoty calling the markup a “meaningful step forward” and CEO Brad Garlinghouse insisting that “clarity is better than chaos.” However, the bill has drawn criticism from some in the community, including Input Output CEO Charles Hoskinson, who argues that the legislation in its current form is flawed and should not be passed. With various amendments still in play, the fate of this key crypto legislation remains uncertain.
