Senator Schumer proposes agency to address corruption, including Trump’s crypto ventures

Senate Minority Leader Chuck Schumer introduced legislation to create a new US government agency focused entirely on addressing corruption at the federal level, noting President Donald Trump’s gains from “various, and extremely lucrative, cryptocurrency ventures.”In a Thursday notice, Schumer said that he had introduced a bill called the Anti-Corruption Bureau Creation Act, which, if passed, would have the authority to “investigate, enforce, and prevent executive branch corruption.” The text of the bill addressed Congress’ findings that Trump had disclosed earning more than $2 billion from investments in 2025, including $1.4 billion tied to crypto, and his family had more than $1 billion in a crypto fund tied to foreign governments.In a Public Citizen forum describing the bill, Schumer described the anti-corruption agency as having “real teeth” with enforcement authority, and consisting of a bipartisan group of seven members to be confirmed by the Senate. The legislation also provided mechanisms for private citizens and state authorities to recover funds that Schumer said had been stolen from “Americans through corruption.““This new bureau is one where these institutions work in sy...