Core Points - The Trump administration has initiated the "Trump Gold Card" immigration program, significantly reducing application fees by 80%, from $5 million to $1 million, allowing applicants to obtain U.S. residency at a record pace [1] - The program includes three categories: a personal "Gold Card" priced at $1 million, a corporate-sponsored "Corporate Gold Card" at $2 million, and a "Platinum Card" at $5 million, which allows holders to reside in the U.S. for up to 270 days without being taxed on income earned outside the U.S. [1] - The program has reportedly attracted nearly 70,000 registrations within hours of its announcement [1] Legal and Policy Concerns - Immigration experts have raised concerns about the legal foundation of the new "Gold Card" program, stating that the executive branch lacks the authority to establish new visa categories without congressional approval [2] - The significant price reduction of the "Gold Card" is viewed as an acknowledgment of failure, potentially disrupting existing investment projects and leading to unfinished properties and bankrupt businesses [2] - The program's legal feasibility is questioned, with warnings that it may face inevitable legal challenges and could impact current investment immigration programs [2]