Trump Introduces Controversial "Gold Card" Program for Fast U.S. Residency

President Donald Trump has launched the "Gold Card" program, allowing wealthy foreign individuals to obtain U.S. permanent residency by investing $1 million. Applicants must pay a $15,000 processing fee, pass background checks, and have a main employer sponsor.

The program offers a fast-track to residency under the EB-1 and EB-2 visa categories. Additionally, a "Platinum Card" option is proposed for high-net-worth individuals.

This move comes as part of Trump's tough stance on immigration, with increased restrictions on legal and illegal entries into the U.S.