President Donald Trump assured that he does not participate in the management of his businesses and that it is his children, mainly Eric Trump, who manage his investments, amid growing scrutiny for the multimillion-dollar profits he obtained during his first year back in the White House.

The statements were made during an interview with CNBC, after its most recent financial report revealed that it obtained more than $2 billion in income, of which around $1.4 billion comes from projects linked to cryptocurrencies, a sector that is at the same time subject to regulation by its own administration.

Trump rejects conflict of interest

During the interview, Trump was questioned about possible conflicts of interest, after host Joe Kernen mentioned US legislation that prohibits most Executive Branch officials from participating in decisions that could benefit their financial interests.

Although this restriction does not apply to the president or vice president, the president responded that he does not know the details of their investments.

"I could have known. I didn't know. I mean, there's nothing illegal, there's nothing wrong with it," he said.

Trump insisted that he does not intervene in his companies.

"I don't do anything related to my business. My children manage it," he declared. "My son Eric takes care of that. I don't talk to him about these things."

Cryptocurrencies put your finances under the microscope again

The financial report showed that a good part of his income comes from cryptocurrency-related businesses, including the memecoin $TRUMP and the company World Liberty Financial, which has revived the debate about the separation between his public functions and his private interests.

As Trump explained, his support for the sector responds to strategic reasons.

Cryptocurrencies put your finances under the microscope again

The financial report showed that a good part of his income comes from cryptocurrency-related businesses, including the memecoin $TRUMP and the company World Liberty Financial, which has revived the debate about the separation between his public functions and his private interests.

As Trump explained, his support for the sector responds to strategic reasons.

“We have to be at the forefront, otherwise China will take them over,” he said.

However, ethics watchdog organizations and Democratic lawmakers believe that the lack of a blind trust leaves open questions about potential conflicts of interest.

The Democratic leader in the House of Representatives, Hakeem Jeffries, criticized the situation on social networks.

"Donald Trump made more than $2 billion during his first year as president. Republicans are getting richer while making life more expensive for others. We must end the culture of corruption," he wrote. "My priority is to be president."

Trump acknowledged that his children's position may raise questions due to the influence of the presidential office, although he assured that he recommends that they stay away from any activity that could be interpreted as a conflict.

Even so, he defended that his family was already developing businesses before his arrival in politics.

"I have a much greater purpose. This is the Oval Office. It is a much greater purpose than whether I make money or not," he concluded.

The new financial revelations once again place the relationship between Trump's business activity and his tenure as president in the spotlight, an issue that continues to generate debate among political leaders.

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