Schumer unveils anti-corruption bureau bill over crypto

Schumer introduced a bill to create a federal anti-corruption agency, citing Trump’s $1.4B crypto earnings. The agency would merge oversight bodies and target executive branch corruption.

Senate Minority Leader Chuck Schumer has introduced the Anti-Corruption Bureau Creation Act, aiming to establish an independent federal agency to tackle executive branch corruption. The bill comes in response to President Donald Trump’s 2025 financial disclosure, which revealed over $2 billion in investment income, including $1.4 billion from cryptocurrency ventures. Additionally, Trump’s family reportedly holds more than $1 billion in crypto funds linked to foreign governments. The proposed agency would merge the Federal Election Commission, Office of Government Ethics, and Office of Special Counsel into a single, bipartisan, seven-member board confirmed by the Senate. This bureau would have the authority to investigate, enforce, and prevent federal corruption, while also enabling private citizens and state authorities to recover funds lost to corrupt practices. Co-sponsored by Senators Andy Kim, Alex Padilla, and Jeff Merkley, the bill does not allege illegal conduct but seeks to strengthen oversight and unify existing watchdog efforts. The White House maintains that Trump’s investments are managed independently and do not present conflicts of interest.