Schumer Pushes New Anti-Corruption Bureau Bill Amid Trump Crypto Scrutiny

Senate Democratic Leader Chuck Schumer has introduced a bill calling for an independent Anti-Corruption Bureau, a move Democrats say is tied to growing concerns over President Trump’s financial ties to the crypto industry.

What the Bill Would Create

The Anti-Corruption Bureau Creation Act proposes a seven-member federal agency with the power to investigate, subpoena, enforce and publicly report on executive branch corruption. Schumer said Trump has personally taken in more than $2 billion and his family over $4 billion since he returned to office in 2025, calling it “the most profitable scam of his life.” The bill would give private citizens and state attorneys general the ability to sue and recover funds tied to corrupt dealings by presidents, top officials and major contractors, with funding kept separate from presidential budget control.

Crypto Earnings Under the Spotlight

Trump’s family has drawn attention for its crypto dealings, particularly through World Liberty Financial. Disclosures show Trump earned $65.6 million from equity sales and $236 million from token sales tied to the project. A separate estimate places total family crypto earnings near $620 million.

Ethics Fight Stalls Crypto Bill

The issue has slowed progress on the CLARITY Act, as Democrats push for stronger ethics rules before backing it, with a Senate vote still targeted for early August.