July 3, 2026, 11:13 amJuly 3, 2026, 11:13 am
US President Donald Trump has defended his family’s multi-million dollar business activities and once again denied conflicts of interest with his government office.
Crypto deals made Trump over a billion in 2025.Image: keystone
Nothing about his crypto business is forbidden, Trump said in a conversation with CNBC presenter Joe Kernen in the Oval Office in the White House.
His recently released income statement shows that Trump made more than $1 billion in crypto deals alone in 2025 – through his stake in a company owned by the Trump family. At the same time, his government has significantly promoted trading in digital currencies since he took office again.
His children take care of financial matters
Trump told CNBC that he had no knowledge of his own investments. His children, especially son Eric, took care of his financial affairs and he didn’t talk to him about it. But: “There is nothing illegal about it, there is nothing wrong with it. I could know about it.”
The 80-year-old head of state said his children would not have an easy ride with his US presidency. The office is “so powerful and so big” that almost every action of its children could be viewed as a conflict of interest. Basically, he advises his children to exercise restraint. “But they also have a life. They were doing business for a long time (…) before I thought about running for president.” (hkl/sda/dpa)