Senator Schumer proposes agency to address corruption, including Trump’s crypto ventures
Chuck Schumer introduced the Anti-Corruption Bureau Creation Act to create a new federal agency with broad powers to investigate, enforce, and prevent executive branch corruption. He said the bureau would have “real teeth,” be run by a bipartisan seven-member board confirmed by the Senate, and unify agencies such as the FEC, Office of Government Ethics, and Office of Special Counsel under one roof. The bill is framed around concerns over Trump’s crypto-linked wealth, including claims of more than $2 billion in 2025 earnings and more than $1 billion tied to a crypto fund connected to foreign governments. Schumer and cosponsors Andy Kim, Alex Padilla, and Jeff Merkley argue the agency would help recover money lost to corruption. The proposal also adds pressure to the stalled CLARITY Act, where Trump’s crypto ties remain a major ethics concern and the Senate has not scheduled a vote.
