Only one person has been approved for the Trump Gold Card program, despite previous claims of selling $1.3 billion worth of cards.

CoinFeed reported on April 25 that U.S. Commerce Secretary Howard Lutnick confirmed at a congressional hearing that only one applicant has been approved so far for the Trump administration's "Gold Card" visa program. This program, an alternative to the traditional EB-5 investment immigration program, requires foreigners to pay at least $1 million for legal residency, work authorization, and ultimately, citizenship in the United States. Notably, Lutnick had previously publicly claimed that the Gold Card program had sold $1.3 billion worth of visas and projected it could generate $1 trillion in revenue to alleviate the U.S. fiscal deficit. However, at this hearing, he acknowledged that only one person has been formally approved so far, with hundreds more applicants still under review.