Authored by Tom Ozimek via The Epoch Times,

Lutnick, who's spearheading the initiative, told the Financial Times on June 17 that 68,703 individuals—and counting—had joined the waiting list via a website launched just a week ago. The Trump Card, which he said "will be made of gold," prominently features President Donald Trump's image and the $5 million figure.

The initiative is being pitched as a dual-purpose policy: a strategy to attract high-net-worth business leaders who would live in the United States, create jobs, and pay taxes, and a revenue-generating tool to help reduce the nation's nearly $37 trillion debt.

"They'll be wealthy, and they'll be successful, and they'll be spending a lot of money and paying a lot of taxes and employing a lot of people, and we think it's going to be extremely successful," Trump said in February when he first announced the plan.