Schumer Targets Trump's Crypto Holdings with Anti-Corruption Bill

U.S. Senate Democratic Leader Chuck Schumer has introduced legislation aimed at establishing an independent agency to investigate and prosecute corruption across the federal government.

The Anti-Corruption Bureau Creation Act specifically references President Donald Trump's financial disclosures, which report over $2 billion in investment gains last year, including $1.4 billion tied to cryptocurrency.

Schumer's office highlighted the Trump family's financial holdings as a central justification for the bill, citing concerns about potential foreign influence and conflicts of interest among federal officials.

The proposed bureau would have subpoena power and the ability to refer cases for criminal prosecution, operating independently of existing agencies like the Department of Justice.