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After close scrutiny of his various business ties, drawing criticism from both Democrats and Republicans, President Donald Trump appeared on national television and claimed that his new ethics plan would ease the American people’s concerns regarding his potential conflicts of interest.

During this press conference, Trump declared that he had handed over management of the Trump Organization to his sons and to Allen Weisselberg, the company’s chief financial officer. Trump then introduced Sheri Dillon, an attorney familiar with his new business arrangements, who stated that Trump’s separation from the Trump Organization would ensure that his political decisions reflect the interests of the American people only.

As it stands, however, Trump’s business plan does not go nearly far enough. In fact, the Director of the Office of Government Ethics, Walter Shaub, deemed the recent efforts of Trump’s legal team to maintain neutrality “meaningless.” With a record low initial approval rating, Trump must reevaluate his current approach if he wishes to improve his popularity.

Merely stepping down from his positions of leadership does not effectively rid Trump of potential conflicts of interest. While he will no longer run the Trump Organization, he does not plan on divesting his ownership, which means that he will still profit from the company’s successes. Numerous ethics experts assert that the incoming administration will continue to risk the appearance of corruption unless Trump sells his stock in the organization and places the resulting profit in a blind trust. Trump’s refusal to do so not only threatens our country’s democracy but also serves to delegitimize his actions as president and diminish the American people’s faith in their government.

Since the Trump Organization is a private company, no one can determine the true extent of Trump’s business ties. However, his recent financial disclosures, which indicate a vast business network consisting of over 500 hotels, condominium towers, golf courses, and licensing deals, reveal that he holds more domestic and international business connections than any other prominent modern politician. Due to the extent of his financial ties, Trump must go above and beyond to live up to his campaign promise of eliminating political corruption.

The president has also promised to cancel pending foreign deals, stop seeking new business overseas, and donate the money his hotels obtain from foreign governments to the United States Treasury. However, even these actions are insufficient. Trump’s domestic and international business interests, unresolved debts, and current legal battles have already complicated his transition and will likely continue to plague his administration for the next four years. His complex business ties run too deep, making it impossible to discern the underlying motives behind his actions as president.

As the owner of an umbrella company for hundreds of investments in real estate, brands, and other businesses, the president is in an unprecedented position. He has the ability to simultaneously influence both the future of the country and of his businesses with the stroke of a pen. Trump will still receive reports on his company’s performance while in office, and despite his claims otherwise, the American people cannot trust that Trump is immune to greed. If Trump has opportunities to sign bills that help his business but hurt the economy as a whole, can the American people confidently say that he will prioritize their well-being every time?

Even if Trump claims to act independently of his business interests, there is no way to confirm this. Trump’s history of perpetuating falsehood and maintaining financial secrecy—his refusal to release tax returns that could potentially contain ties to foreign entities, for example—will only magnify the country’s suspicions and lead to an increased distrust of our political system. If Trump does not set an early precedent, Americans will be left wondering whom he is really fighting for.

Legal experts warn that Trump is walking on thin ice by maintaining ownership of his business. Despite being in office for only six weeks, Trump has already run into legal trouble as a result of his inadequate business arrangements. Citizens for Responsibility and Ethics in Washington, a nonpartisan legal watchdog, has filed a lawsuit against Trump. The suit accuses him of violating the Emoluments Act, a law that bans government officials from accepting gifts or payments from foreign entities, by earning money through his hotels abroad. Furthermore, if Trump were to use any insider information when investing in stocks or share such information with his sons, he would be in violation of the Stop Trading on Congressional Knowledge Act. Two civil rights groups have already launched an official campaign to impeach Trump.

White House Press Secretary Sean Spicer noted that presidents, unlike cabinet members, are not subject to ethics laws that require divestment, yet Trump stands out as the only president in modern history who has not divested from potentially compromising holdings. While there may be no laws compelling him to sell his business, Trump must listen to the advice of the Office of Government Ethics if he wishes to maintain legitimacy, uphold democracy, and win the trust of his people.

Although liquidating his business empire would likely prove time-consuming and costly, Trump must make a choice: cling to the ownership of his company and risk impeachment as well as other legal consequences, or take the necessary steps to prove to the American people that under his leadership, their issues will take precedent.