US President Donald Trump has dismissed concerns over potential conflicts of interest surrounding his family’s cryptocurrency businesses, insisting that he does not discuss business matters with his sons, who oversee the ventures.
Speaking to Punchbowl News about Congress’s cryptocurrency legislation, Trump criticised efforts to include provisions in the proposed Clarity Act that would restrict the president from personally profiting from digital assets.
Trump said he would not oppose placing his assets in a blind trust, arguing that he does not personally manage the businesses.
“I don’t mind putting it in a blind trust; I don’t run it myself anyway. I let my kids run it.”
He further claimed that his conversations with his children, Donald Trump Jr. and Eric Trump, are largely personal.
“I never talk to them about things… other than to say ‘I love you, kids.’”
Trump has repeatedly made similar claims, including when questioned about business dealings involving the Trump Organization and foreign governments or companies doing business with the US government.
However, his assertions have continued to draw scrutiny, particularly following revelations about the scale of his family’s cryptocurrency profits.
A filing released earlier this year reportedly showed that Trump made about $1.4 billion from his cryptocurrency-related businesses.
His memecoin, $TRUMP, launched shortly before his inauguration, generated more than $600 million for him in 2025, according to the report.
Another major source of revenue was World Liberty Financial, the Trump family’s principal crypto venture, which reportedly generated more than $800 million. An investment firm linked to the United Arab Emirates also acquired a stake of nearly 50 per cent in the company shortly before Trump’s inauguration.
The Trump family’s crypto interests have raised further questions because of the administration’s subsequent dealings with the UAE, including a reported agreement for the country to receive American-made computer chips for an artificial-intelligence campus in Abu Dhabi.
Democrats have therefore pushed for stronger ethics provisions to be included in the Clarity Act, which seeks to establish a regulatory framework for the cryptocurrency industry.
Trump’s personal assets and business interests are largely held through a revocable trust managed by the Trump Organization, which is overseen by his sons.
Unlike a blind trust, however, the arrangement does not place Trump’s assets under the control of an independent trustee with strict restrictions on communication.
The report notes that, apart from Trump, every US president dating back to the 1970s has used a blind trust to manage individual stocks and bonds.
The controversy therefore centres not only on whether Trump directly manages the businesses, but also on whether his continued financial interest in them creates potential conflicts of interest while he is serving as president….See more