Thomas Kean

07/18/2025 | Press release | Distributed by Public on 07/18/2025 11:48

Kean Applauds Passage of Landmark Crypto Bills

Contact: Riley Pingree

(July 18, 2025) WASHINGTON, D.C. - Yesterday, Congressman Tom Kean, Jr. (NJ-07) voted in favor of the GENIUS Act and the CLARITY Act, two landmark bills that lay the foundation for a safer, more innovative, and forward-looking financial future.

The CLARITY Act creates a long-overdue regulatory framework for digital assets by prioritizing consumer protection, offering market certainty, and supporting American innovation through clear oversight and stronger safeguards.

The GENIUS Act establishes a federal structure for payment stablecoins, aiming to protect consumers, encourage innovation, and strengthen the U.S. dollar's role as the world's reserve currency.

Congressman Kean said, "Clear and responsible rules around digital assets, are essential to helping them reach their full potential while keeping American consumers safe. I am glad to see these bipartisan bills move forward and pass the House with support from both sides of the aisle. They provide the confidence and transparency businesses need to innovate, create new opportunities, and grow-in New Jersey and across the nation. With strong safeguards in place, we can ensure that America remains a global leader in the future of finance and digital payments. I look forward to seeing these bills reach President Trump's desk and be signed into law."

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