PANews March 24 news, U.S. Commerce Secretary Lutnick claimed that $5 billion has been raised by selling 1,000 gold cards at a price of $5 million each, although there is currently no formal application system. "I sold 1,000 yesterday," Lutnick said on a podcast about the designed immigration plan. The Trump administration's proposed gold card would grant wealthy foreign investors permanent residency in the United States without the job creation requirements currently required by the EB-5 program. In the podcast, Lutnick explained that Musk is "developing software" for the application process, which is scheduled to be launched in about two weeks. This ongoing development suggests that the reported sale of cards may represent an agreement in principle rather than a deal being completed. Trump previously estimated that the sale of 1 million gold cards could generate $5 trillion in revenue. The timeline for the formal opening of applications has not yet been determined, and the plan may require congressional approval before it can be implemented.