Trump says Eric Trump and outside firms manage his finances, defends family crypto venture
President Donald Trump told CNBC that Eric Trump and major outside firms oversee his money through semi-blind or blind trusts, while he said he does not know the details of the family-backed crypto business or the extent of his holdings.
President Donald Trump said Eric Trump and large financial firms manage his finances through what he described as semi-blind or blind trusts, while defending the family-backed crypto venture tied to World Liberty Financial and saying there was "nothing illegal" or "nothing wrong" with it. In a CNBC interview, Trump said he does not discuss such matters with his son and said he did not know the details of the crypto business or the extent of his holdings, even as financial disclosures drew scrutiny over at least $1.4 billion in crypto income for 2025. He also reiterated that he wants to remove Federal Reserve Governor Lisa Cook despite a Supreme Court decision that, for now, has blocked that effort while her legal challenge proceeds, and he gave a noncommittal answer on whether he would sign a bipartisan housing bill.
- blind trusts: Arrangements in which assets are managed by others without the beneficiary being informed about specific investment decisions.
- World Liberty Financial: A Trump-aligned crypto venture cited in the president's financial disclosure for token sales and related equity sales.
- financial disclosures: Official filings that reveal assets, income, holdings, or other financial interests.