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4mo ago

Trump's $5 Million Gold Card Visa Undergoes Quiet Testing Phase

Elon Musk confirms government trial of the high-cost immigration program, with public rollout pending final system validation.

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US President Donald Trump holds the $5 million dollar Gold Card as he speaks to reporters while in flight on board Air Force One, en route to Miami, Florida on April 3, 2025.
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President Donald Trump holds up the gold card on April 3, 2025. The card offers citizenship to immigrants in exchange for a whopping premium of $5 million.

Overview

  • The Trump administration's $5 million Gold Card visa program is in a 'quiet trial' phase to test its application and vetting systems, according to Elon Musk.
  • The program aims to replace the EB-5 investor visa, offering fast-tracked U.S. residency and citizenship to wealthy foreign investors.
  • Proceeds from Gold Card sales are intended to contribute to reducing the national debt, with Commerce Secretary Howard Lutnick previously claiming $5 billion raised from 1,000 cards sold.
  • Critics question the program's legality without Congressional approval and express concerns about transparency, favoritism, and potential national security risks.
  • The timeline for the program's full public rollout remains uncertain, with Musk stating it will follow the completion of the trial phase and a formal announcement by President Trump.