#GENIUSActPass Update!
🇺🇸 Historic moment for U.S. innovation! The GENIUS Act has officially passed as of June 18, 2025, 1:00 PM IST!
🚀 Here’s the latest real-time breakdown:
🔥 GENIUS Act Signed into Law: President Donald Trump signed the Generating Exceptional National Intelligence with Unprecedented Speed (GENIUS) Act on June 17, 2025, at a White House ceremony, boosting AI and tech development.
🖋️📊 Key Provisions:
💰$500B Investment: Funds AI, quantum computing, and biotech R&D over 10 years to counter China’s tech dominance.
🌐 Global Talent Attraction: Streamlines visas for 100,000+ STEM professionals annually, expanding the O-1 “genius visa” program.
🛡️National Security Focus: Establishes AI-driven defense systems and a new DARPA-like agency for rapid tech deployment.
📚Education Boost: Allocates $50B for STEM education, targeting 1M new AI-skilled workers by 2030.
💡Economic Impact:
📈 Projected to create 2.5M jobs by 2035, per CBO estimates.
🚀Nasdaq futures jumped 1.2% post-signing, with AI stocks like NVIDIA and Palantir up 3-5%.
💸Crypto markets stable, but AI-related tokens (e.g., FET, AGIX) surged 15% on X-driven hype.
🌍 Global Reactions: 🗳️
Bipartisan U.S. support praised, but critics warn of privacy risks in AI surveillance.
🇨🇳 China responds with a $300B AI fund, escalating the tech race.
🇮🇳 India eyes similar talent visa reforms, per X discussions.
🎉 Why It Matters: The GENIUS Act positions the U.S. as a global AI leader, accelerating innovation while reshaping immigration and defense. Stay tuned for implementation updates!
