Former President Donald Trump denied that he would start a third party to tackle both the Democrat and Republican parties on Sunday, decrying those reports as “fake news.”

“I am not starting a new party. That was fake news,” he said as he kicked off his speech at the Conservative Political Action Conference (CPAC) in Florida on Sunday evening. The Wall Street Journal reported in January that Trump was discussing the possibility of starting a third party, citing “people familiar with the matter.” But Trump dismissed those reports, suggesting it was a stupid move. “Wouldn’t that be brilliant?” he said sarcastically. “Let’s start a new party and divide our vote.” Trump reaffirmed he and his movement would remain in the Republican party.

Watch entire Speech Below: