#GENIUSActPass

$BTC Genius Act Passed: Major Boost for U.S. Innovation and Skilled Immigration

The U.S. Congress has officially passed the GENIUS Act (Growing Exceptional New Ideas by Unlocking American Talent Act), a bipartisan legislative effort aimed at boosting American innovation and retaining global talent in science, technology, and entrepreneurship.

Key Highlights of the GENIUS Act:

Startup Visa Program: A new visa category will allow international founders with promising startups to live and work in the U.S., provided their business meets investment and job creation benchmarks.

STEM Talent Retention: The act eases the green card process for foreign nationals who earn advanced degrees in STEM fields from U.S. universities.

Fast-Track for Innovators: Highly skilled immigrants with a proven track record of patents, publications, or tech leadership will benefit from a streamlined immigration path.

Funding for R&D: The bill also includes increased federal investment in AI, biotechnology, and quantum research to ensure U.S. leadership in key sectors.

Support & Reaction: Lawmakers on both sides praised the bill for aligning immigration with economic growth. Tech leaders, especially from Silicon Valley, have welcomed the act as a step toward keeping world-class talent in the U.S. rather than losing it to other innovation hubs.

President Biden is expected to sign the GENIUS Act into law this week, marking a pivotal moment for American competitiveness in the global tech economy.