U.S. Senator Proposes Federal Anti-Corruption Bureau Targeting Trump's $20 Billion in Crypto Earnings

ChainCatcher report, according to Cointelegraph, U.S. Senate Minority Leader Chuck Schumer has formally introduced the Anti-Corruption Bureau Creation Act, proposing the establishment of a new government agency dedicated to addressing federal-level corruption. The bill explicitly names Trump, citing his disclosed over $2 billion in investment gains in 2025—including $1.4 billion in crypto-related gains—and his family’s ownership of over $1 billion in crypto funds linked to foreign governments. The proposed agency would consist of seven bipartisan members appointed upon Senate confirmation, endowed with “substantial authority” to investigate, enforce, and prevent administrative corruption, and would consolidate the Federal Election Commission, the Office of Government Ethics, and the Office of Special Counsel under one roof. Senators Andy Kim, Alex Padilla, and Jeff Merkley are co-sponsors of the bill. White House Deputy Press Secretary Anna Kelly responded by stating that Trump’s investments are held in discretionary accounts managed by independent third-party financial institutions, with no conflict of interest.