Tim Ryan: Pass Clarity Act to Secure Blockchain Infrastructure | Opinion
Summary
Tim Ryan argues that investing in blockchain infrastructure is important for America’s future economy. He explains that building blockchain systems creates many skilled jobs across different fields, which can help communities grow and provide good careers for young people.Key Facts
- Economic growth in the past came after big investments in infrastructure like railroads, canals, and highways.
- Blockchain is becoming part of how money moves and assets are managed digitally.
- Building blockchain systems needs many types of skilled workers, including software developers, security experts, accountants, lawyers, and more.
- These jobs tend to pay well, with median salaries between $90,000 and $133,000, higher than the national average.
- From 2024 to 2034, jobs for software developers, security analysts, and financial examiners are expected to grow significantly.
- The U.S. share of crypto developers has dropped from 51% in 2015 to 19% in 2024.
- Many blockchain developers work outside major tech hubs like California and New York, which could help spread economic benefits nationwide.
- Ryan suggests passing the Clarity Act to support blockchain infrastructure and create more good jobs.
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