The post America has to stop taking in ‘below-average’ immigrants that won’t help economy appeared on BitcoinEthereumNews.com. Commerce Secretary Howard LutnickThe post America has to stop taking in ‘below-average’ immigrants that won’t help economy appeared on BitcoinEthereumNews.com. Commerce Secretary Howard Lutnick

America has to stop taking in ‘below-average’ immigrants that won’t help economy

2025/12/11 21:51

Commerce Secretary Howard Lutnick said Thursday that the U.S. should focus on bringing in immigrants that help grow the economy as the White House rolls out its long-awaited “gold card” visa.

“We’re the only great country that lets other people just come in without vetting them and deciding whether they’re really going to help the economy of America,” Lutnick said Thursday on CNBC’s “Squawk Box.”

“Let’s bring in the top of the best,” he said. “Let’s help them grow America and build America. Why should we take people who are below average? It just doesn’t make any sense.”

Lutnick said the “average green-card holder” in the U.S. earns “one-third less than the average American.”

His comments come as President Donald Trump officially launched his gold card visa. The program, which had its price reduced from $5 million to $1 million, offers a path to citizenship and has garnered high interest from rich foreigners.

Trump’s administration has made the crackdown on immigration a centerpiece of his return to the White House. Trump said in September he would slap a $100,000 fee on new H-1B visa applications, a popular avenue for technology companies to bring in skilled workers from abroad.

Lutnick said an immigrant’s willingness to shell out the $1 million can “prove” they are worthy of having an expedited application.

“We should be bringing in the best and the brightest,” Lutnick said. “That’s what Donald Trump is changing about our immigration system.”

Get Morning Squawk directly to your inbox

Source: https://www.cnbc.com/2025/12/11/lutnick-economy-gold-card-trump.html

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam

U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam

The post U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam appeared on BitcoinEthereumNews.com. Crime 18 September 2025 | 04:05 A Colorado judge has brought closure to one of the state’s most unusual cryptocurrency scandals, declaring INDXcoin to be a fraudulent operation and ordering its founders, Denver pastor Eli Regalado and his wife Kaitlyn, to repay $3.34 million. The ruling, issued by District Court Judge Heidi L. Kutcher, came nearly two years after the couple persuaded hundreds of people to invest in their token, promising safety and abundance through a Christian-branded platform called the Kingdom Wealth Exchange. The scheme ran between June 2022 and April 2023 and drew in more than 300 participants, many of them members of local church networks. Marketing materials portrayed INDXcoin as a low-risk gateway to prosperity, yet the project unraveled almost immediately. The exchange itself collapsed within 24 hours of launch, wiping out investors’ money. Despite this failure—and despite an auditor’s damning review that gave the system a “0 out of 10” for security—the Regalados kept presenting it as a solid opportunity. Colorado regulators argued that the couple’s faith-based appeal was central to the fraud. Securities Commissioner Tung Chan said the Regalados “dressed an old scam in new technology” and used their standing within the Christian community to convince people who had little knowledge of crypto. For him, the case illustrates how modern digital assets can be exploited to replicate classic Ponzi-style tactics under a different name. Court filings revealed where much of the money ended up: luxury goods, vacations, jewelry, a Range Rover, high-end clothing, and even dental procedures. In a video that drew worldwide attention earlier this year, Eli Regalado admitted the funds had been spent, explaining that a portion went to taxes while the remainder was used for a home renovation he claimed was divinely inspired. The judgment not only confirms that INDXcoin qualifies as a…
Share
BitcoinEthereumNews2025/09/18 09:14