Schumer Proposes Crypto-Focused Anti-Corruption Agency Amid Trump Controversy

US Senate Minority Leader Chuck Schumer has introduced legislation to create a new government agency focused on addressing corruption at the federal level. The Anti-Corruption Bureau Creation Act would have the authority to investigate, enforce, and prevent executive branch corruption.

The proposed agency would place the US Federal Election Commission, Office of Government Ethics, and Office of Special Counsel under one roof within the new bureau. Schumer noted that President Donald Trump's gains from 'various, and extremely lucrative, cryptocurrency ventures' are a key concern for the legislation.

The bill aims to address Congress' findings that Trump disclosed earning more than $2 billion from investments in 2025, including $1.4 billion tied to crypto, and his family had over $1 billion in a crypto fund tied to foreign governments.

Senators Andy Kim, Alex Padilla, and Jeff Merkley cosponsored the bill with Schumer. The legislation would require Republican support to pass in the US House of Representatives and Senate, where the party holds a slim majority.