President Donald Trump on Thursday presented a wild defense of his children’s potential access to insider information stemming from his office, just days after financial disclosures revealed that the president raked in over $2 billion last year from his various business ventures. In a wide-ranging interview aired on Thursday, CNBC’s Joe Kernen seemingly asserted that there is no way for Trump and his family to avoid conflicts of interest, saying that, to comply with the law, Trump would have to “recuse” himself from any issue that could relate to his businesses. Trump then said he “feels badly in a way for his kids” because of the potential conflicts of interest they may face while running the Trump Organization, which is primarily run by his sons, Don Jr. and Eric Trump. “Every time my kids do, if they invest in a stock, or they go and do a bill, anything they do, because the presidency is so powerful, so big, everything, if they buy a cupcake company, well, the energy to make the cupcakes is sort of like, how’s my energy policy, so therefore you have a conflict,” Trump said. “Almost anything they do, if they want to buy a truck, if they want to buy, you know, if they buy an energy-efficient truck, they have inside information. So it’s pretty tough in that sense,” he continued. The majority of the $2.2 billion pulled in by Trump last year came from his family’s cryptocurrency businesses, according to the disclosures. The president earned roughly $1.4 billion from the Trump family’s main cryptocurrency business, World Liberty Financial, and the sale of his $TRUMP memecoin. When asked about the financial disclosures by reporters outside Air Force One on Wednesday, Trump brushed off the question while bragging about the stock market. “I purposely, I never speak to any of the people that run the money,” Trump said. “You know why I’m profiting? Because the stock market is going up.” However, this statement contradicts a previous New York Times report that claimed Trump meets with his financial advisers once a year for updates on his various accounts. RelatedDonald Trumpdonald trump jreric trumpinsider trading