Rep. Tom Kean Jr. supports House-passed bills regulating digital assets, stablecoins
WASHINGTON, D.C. — U.S. Rep. Tom Kean Jr., R-N.J., voted in favor of two bipartisan bills passed by the House this week that aim to establish a regulatory framework for digital assets and payment stablecoins, marking a significant step toward federal oversight of emerging financial technologies.
The legislation includes the CLARITY Act, which sets out rules for digital asset markets by defining oversight responsibilities, prioritizing consumer protection, and providing legal clarity to promote innovation. The GENIUS Act outlines federal standards for payment stablecoins, aiming to bolster consumer confidence, foster innovation, and strengthen the global standing of the U.S. dollar.
“Clear and responsible rules around digital assets are essential to helping them reach their full potential while keeping American consumers safe,” Kean said in a statement following the vote. “These bipartisan bills provide the confidence and transparency businesses need to innovate, create new opportunities, and grow—in New Jersey and across the nation.”
Kean praised the bipartisan nature of both bills and expressed hope that the legislation would soon become law. “With strong safeguards in place, we can ensure that America remains a global leader in the future of finance and digital payments,” he added.
