Schumer Proposes Anti-Corruption Agency Amid Trump's $1.4B Crypto Income
US Senate Minority Leader Chuck Schumer has introduced the Anti-Corruption Bureau Creation Act, a bill aimed at combating executive-branch corruption. The proposed agency would combine three existing watchdogs: the Federal Election Commission, Office of Government Ethics, and Office of Special Counsel.
The bureau would have the authority to investigate and pursue corruption cases nationwide, with a seven-member board confirmed by the Senate overseeing investigations, subpoenas, enforcement actions, and public reporting. The bill also allows state attorneys general and private plaintiffs to seek recovery of funds allegedly obtained through corruption.
According to Trump's certified disclosure entries, he received over $1.4 billion in 2025 from crypto-related ventures, including $635.1 million in royalties from Celebration Coins. The White House has rejected claims of conflict-of-interest, stating that Trump's investments were held in fully discretionary accounts managed by independent third-party financial institutions.
The bill faces a difficult path through Congress, with no Republican cosponsor listed among the four Democratic sponsors. Its next steps could include formal numbering, committee referral, and hearings before any floor consideration.