President Donald Trump supported his family’s business activities, highlighting how the presidency’s influence complicates avoiding conflict of interest allegations. In an interview with CNBC’s Joe Kernen, Trump expressed sympathy for his children, saying any business move they make receives scrutiny due to his presidential role. He said, “I feel badly for my kids. Anything they do … because the presidency is so powerful, so big, you have a conflict of interest.”
This discussion surfaces as the Trump family’s business dealings come under the spotlight following a financial disclosure report. The report revealed $1.4 billion in 2025 income from cryptocurrency ventures and other Trump family-linked interests. Trump dismissed accusations of using the presidency to benefit financially. When asked by Kernen about critics’ claims, Trump insisted he has distanced himself from his business empire. “I don’t do anything having to do with my business. My kids run it,” he stated.
Trump argued his children encounter unique challenges as government decisions impact nearly every economic sector. Even typical business choices like “buying a truck” raise conflict-of-interest queries. He noted advising his children to avoid potential controversies, acknowledging their business careers predated his political journey.
The controversy over the Trump family’s business dealings has persisted through both of Trump’s administrations. Critics claim concern has intensified during his second term as the family’s interests grow into cryptocurrency, international real estate, and private investments. Trump’s latest financial disclosure drew attention due to significant income linked to crypto initiatives.
Supporters argue Trump has adhered to ethics requirements, pointing out that federal conflict-of-interest laws don’t mandate presidential divestment. In the CNBC interview, Trump emphasized that his family’s activities are lawful. However, ethics groups like Citizens for Responsibility and Ethics in Washington and Democratic lawmakers have warned that the family’s expanding ventures pose actual or perceived conflicts.
Senator Elizabeth Warren recently accused Trump of “brazen crypto corruption” following the disclosure of his family’s significant crypto earnings. Warren urged legislation to prevent senior officials and their families from profiting off the crypto industry.
Trump’s children have occupied a unique space between politics and business. Ivanka Trump and Jared Kushner served as senior advisors during Trump’s first administration, focusing on various policy areas. Both have now moved away from formal government roles, while Donald Trump Jr. and Eric Trump have continued to lead the Trump Organization’s operations.
The organization manages traditional businesses like golf clubs, hotels, and real estate, while exploring new sectors such as cryptocurrency, venture capital, and branded products. Eric Trump heads real estate and development projects, launching new hotels and resorts, while Donald Trump Jr. engages in political advocacy and outside investments.
The brothers have expanded the business portfolio, notably establishing World Liberty Financial, a decentralized finance platform, and launching American Bitcoin in 2025. Under Donald Jr.’s partnership at 1789 Capital, they invest in defense, AI, and technology companies.
The ongoing debate over Trump’s family’s business ties is unlikely to dissipate soon. Ethics groups and political opponents continue spotlighting potential conflicts, while the White House and Trump Organization maintain that safeguards exist. Trump’s comments suggest he views scrutiny as a consequence of the presidency’s expansive reach.