President Trump insists his family's businesses are not illegal, after his 2025 asset report revealed over $580 million in cryptocurrency income. He also stated his children have the right to conduct business, even if it means facing rigorous scrutiny.
On July 3, 2569 at 09.00:XNUMX p.m., CNBC news agency reported that U.S. President Donald Trump gave an interview to CNBC in the Oval Office at the White House on Thursday (July 2), defending the business dealings of his family members. Amid criticism regarding conflicts of interest following the release of the 2568 annual asset declaration report.
Trump stated that presidential power affects virtually every sector of the economy, to the point that almost any business activity of his children could be interpreted as a conflict of interest.
"If my children bought an energy-efficient truck, I might be accused of having inside information." Trump said, adding that his family was facing stricter scrutiny than usual because government policy was impacting a wide range of businesses.
He also revealed that he had instructed his children to avoid issues that could lead to controversy, but emphasized that they also have the right to live their own lives and run their own businesses.
"I told my children to stay away, but they've had their own lives and businesses long before I even considered running for president."
The statement comes after the 2025 annual financial disclosure report, released Tuesday (July 1), revealed that Trump earned hundreds of millions of dollars in his first year as president, with the majority of that income linked to the family's digital asset business.
The report indicates that Trump earned over $580 million from cryptocurrency businesses, comprising approximately $515 million from the sale of World Liberty Financial (WLF) tokens and another approximately $65 million from the sale of shares in WLF holding companies.
Trump insisted that the cryptocurrency business was neither illegal nor inappropriate, citing the U.S. federal conflict of interest law which allows the president and vice president to remain neutral on policy decisions even if those decisions might negatively impact their own financial interests.
In addition to family business issues, Trump also covered a wide range of topics in his interview, including the role of the U.S. Supreme Court, the economic situation, financial markets, the situation in Iran, the policies of the Federal Reserve (Fed), and the U.S. midterm elections in 2569.
refer : cnbc.com
Read news related to The full US economic situation can be found here.
