Elon Musk Confirms Trump’s $5M Gold Visa Program Trial Underway

Elon Musk confirmed that a "quiet trial" of President Donald Trump's $5 million "gold card" visa program is currently underway to ensure the system functions properly before a public rollout announced by the President. The program aims to replace the existing EB-5 investor visa by offering a faster path to U.S. residency and citizenship for wealthy foreigners, with benefits including exemption from U.S. taxes on overseas income. Commerce Secretary Howard Lutnick claimed that 1,000 gold cards were sold in a single day, raising $5 billion, and Trump envisions selling up to one million cards. The program is designed to attract wealthy, successful individuals who will contribute economically by spending and paying taxes in the U.S. Despite the early sales and ongoing trial, the exact timeline for the public launch remains unclear, and details about the trial process have not been disclosed. The gold card visa has sparked debate as it represents a high-cost, elite immigration path contrasting with traditional visa programs and wider immigration policy discussions.