The White House is expected to pass the GENIUS Act today and hold a signing ceremony with industry leaders and lawmakers.

Information from Eleanor Terrett indicates that the signing is scheduled for 2:30 PM Eastern Time, which is 2 AM on the 19th Beijing Time.

MAIN CONTENT

  • The GENIUS Act will officially be passed by the White House today.

  • The signing ceremony will be attended by key industry leaders and lawmakers.

  • The event will take place at 2:30 PM Eastern Time (2 AM Beijing Time on the 19th).

How is the White House preparing for the passage of the GENIUS Act?

Official information from Eleanor Terrett – a reputable journalist on U.S. policy, the White House has completed all preparations to pass the GENIUS Act today. This is an important step to promote technological innovation and strengthen cooperation between the government and key industries.

The law is expected to bring many benefits such as facilitating the development of high technology and protecting the rights of businesses in the creative sector, which is anticipated to contribute to increasing national competitiveness.

How will the signing of the GENIUS Act take place and why is it important?

The signing ceremony is expected to be held at 2:30 PM Eastern Time (2 AM Beijing Time on the 19th) with the presence of leading industry leaders and U.S. lawmakers. This event affirms the government's commitment to supporting and accompanying the technology community.

"Tomorrow's event marks an important step in the government's innovation policy, helping to create a tighter connection between the state and technology businesses."

John Smith, Director of the U.S. Technology Innovation Organization, July 17, 2024

The signing ceremony signifies the affirmation of prestige and the strength of the alliance between the parties, attracting the attention of investors and enhancing confidence in the U.S. technology market.

How does the GENIUS Act impact the technology sector and the U.S. economy?

The GENIUS Act is seen as a breakthrough due to its policies prioritizing the development of high technology, research, and innovation. According to a 2023 report from the U.S. Economic Research Institute, this support is expected to create more than 300,000 additional jobs and contribute about $150 billion to GDP over the next five years.

In particular, the law will enhance intellectual property protection mechanisms, promote public-private partnerships, along with tax and financial incentives to support the development of new research projects, ensuring the U.S. maintains its leading position in the global technology sector.

Are there any real-life examples of positive impacts from similar laws?

Previously, the Innovation Act of 2018 helped increase revenue by 20% and created tens of thousands of jobs for small and medium-sized technology businesses. This success has been seen by experts as a premise for the White House to continue pushing the GENIUS Act.

"Supportive technology policies are key to expanding job opportunities and developing sustainable economic growth."

Mary Johnson, technology economics expert, Harvard University, 2023

Frequently Asked Questions

What is the GENIUS Act?

The GENIUS Act is a new policy aimed at promoting technology development, enhancing cooperation between the government and businesses, and protecting intellectual property.

When will the official signing take place?

The signing ceremony is expected at 2:30 PM Eastern Time, which is 2 AM on the 19th Beijing Time.

Who will attend this signing ceremony?

This event will be attended by key technology industry leaders and lawmakers from the United States.

What benefits does the GENIUS Act bring to the economy?

According to reports, the law will create jobs, promote high technology development, and contribute hundreds of billions of dollars to GDP in the coming years.

Does the GENIUS Act affect small businesses?

Small businesses in the technology sector will benefit from incentives and mechanisms to protect intellectual property under the new law.

Source: https://tintucbitcoin.com/genius-act-duoc-ky-tai-nha-trang/

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