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Trump says he did not know about family’s crypto venture

Trump says he did not know about family’s crypto venture

President Trump told CNBC he did not know the details of the family’s crypto business or the extent of his holdings, while saying there was nothing illegal about a reported $1.4 billion in crypto income.

Fact Check
Multiple sources reporting the same July 2, 2026 CNBC interview confirm each element of the claim. The Block provides a direct quote in which Trump says he did not know about the venture and asserts 'there's nothing illegal, there's nothing wrong with it.' Watcher.Guru corroborates that he said he 'didn't' know he made $1.4 billion and that there was 'nothing illegal.' The NBC News financial-disclosure report independently confirms the $1.4 billion crypto figure the claim references. All components — the disclaimer of knowledge, the $1.4 billion gain, and the 'nothing illegal/improper' statement — are supported.
Summary

President Donald Trump said there was “nothing illegal” about financial disclosures showing at least $1.4 billion in crypto income for 2025, while also saying he did not know the details of the family’s crypto business or the extent of his holdings. The remarks, made to CNBC, added to scrutiny over potential conflicts of interest as critics argued Trump could profit from office while his administration writes rules for the digital-asset industry. Trump’s comments build on earlier statements that he was not directly involved in overseeing the family-backed crypto venture and was unaware of the reported gains.

Terms & Concepts
  • financial disclosures: Official filings that reveal assets, income, holdings, or other financial interests.
  • crypto income: Earnings or gains tied to digital-asset investments or related business activities.
  • holdings: Assets or investments owned by an individual or entity.