U.S. Immigration Plan Raises Billions Through Gold Card Sales

According to PANews, U.S. Commerce Secretary Lutnick announced the sale of 1,000 gold cards at $5 million each, raising $5 billion despite the absence of a formal application system. Speaking on a podcast, Lutnick discussed the immigration plan designed by the Trump administration, which aims to grant wealthy foreign investors U.S. permanent residency without the job creation requirement of the current EB-5 program. Lutnick mentioned that Elon Musk is developing software for the application process, expected to launch in approximately two weeks. This ongoing development suggests that the reported card sales may represent an agreement in principle rather than completed transactions. U.S. President Donald Trump previously projected that selling one million gold cards could generate $5 trillion in revenue. The timeline for officially opening applications remains uncertain, and the plan may require congressional approval to be implemented.