# Donald Trump — "there's nothing illegal, there's nothing wrong with it" > [!quote] "I could know about it. I didn't. I mean, there's nothing illegal, there's nothing wrong with it." > — Donald Trump, CNBC interview with Joe Kernen, July 2, 2026, on his crypto profits ## Context Asked on CNBC about conflicts of interest after disclosures showed roughly **$1.4 billion** in 2025 income from his family's crypto ventures (see [[Trump Crypto Ventures]] and [[$TRUMP Memecoin Universe]]), [[Donald Trump]] denied any wrongdoing and argued the president and vice president are not required to recuse from decisions affecting their financial interests. In the same interview he said his children effectively have "inside information" on "almost anything they do" by virtue of the presidency — "if they want to buy a truck, if they buy an energy efficient truck, they have inside information." > [!note] Rendering variant > Heather Cox Richardson's July 5, 2026 letter compresses the line to "There's nothing illegal. There's nothing wrong with it I could know." The verbatim CNBC wording, quoted above, is used here. ## Why This Matters The remark is a candid statement of the administration's conflict-of-interest posture: not that conflicts don't exist, but that they carry no legal consequence for the president. It lands against a memecoin that cost retail buyers an estimated $3.81 billion while Trump personally cleared $636 million (see [[$TRUMP Memecoin Universe]]), and the "inside information" aside cuts against the specific legal prohibitions on trading with material nonpublic information. ## See Also - [[$TRUMP Memecoin Universe]] · [[Trump Crypto Ventures]] - [[Donald Trump]]