Senate Proposes Anti-Corruption Bureau Targeting Trump's $1.4B Crypto Holdings

Schumer introduces bill creating federal agency to investigate corruption, citing Trump's $1.4B crypto earnings and family fund conflicts. White House denies conflicts.

Woofun AI reports that Senate Minority Leader Chuck Schumer introduced the Anti-Corruption Bureau Creation Act to establish a federal agency for addressing corruption. The legislation cites Donald Trump’s disclosed 2025 investment earnings exceeding $2 billion, with $1.4 billion attributed to cryptocurrency, alongside family holdings in foreign-linked crypto funds surpassing $1 billion. The proposed bureau would comprise seven bipartisan members confirmed by the Senate, consolidating the Federal Election Commission, Office of Government Ethics, and Office of Special Counsel. Senators Andy Kim, Alex Padilla, and Jeff Merkley co-sponsored the measure. White House Deputy Press Secretary Anna Kelly stated that Trump’s assets are held in fully managed accounts by independent third parties, asserting no conflicts of interest exist.