Trump announces the launch of the "Golden Card" program to sell U.S. permanent residency for $5 million

ChainCatcher news, according to Jinshi reports, U.S. President Trump announced on Tuesday that he will launch the "gold card" program in two weeks, offering U.S. permanent residency and a path to citizenship to investors for $5 million. This program will replace the existing EB-5 investment immigration program.

Commerce Secretary Lutnick stated that, unlike EB-5, the "Trump gold card" allows applicants to pay funds directly to the U.S. government rather than investing in U.S. businesses. Lutnick added, "They can come to the U.S., the president can give them a green card, they can invest in the U.S., and we can use this money to reduce the deficit." The Trump administration believes that the program can be implemented without Congressional approval, but complete implementation details have not yet been announced.