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

Senate Minority Leader Schumer introduces bill to create federal anti-corruption agency, citing Trump's $1.4B crypto income and foreign-linked assets as key concerns.

Woofun AI reports that U.S. Senate Minority Leader Chuck Schumer has introduced the "Creating an Anti-Corruption Bureau Act," which aims to establish a new federal agency to investigate and prevent executive branch corruption. The proposal seeks to consolidate the Federal Election Commission, the Office of Government Ethics, and the Office of Special Counsel. Schumer highlighted that President Donald Trump reported over $2 billion in investment income for 2025, with approximately $1.4 billion derived from crypto-related businesses and additional assets linked to foreign governments. The White House stated that these investments are managed by independent third parties with no conflict of interest. The CLARITY Act remains under Senate consideration without a scheduled vote.