U.S. Senate Minority Leader Proposes Anti-Corruption Agency, with Focus on Trump's Crypto Business Interests

Odaily News — U.S. Senate Minority Leader Chuck Schumer has proposed the "Creating an Anti-Corruption Bureau Act," which plans to establish a new federal anti-corruption agency responsible for investigating, enforcing, and preventing corruption within the executive branch. In a statement, Schumer noted that U.S. President Donald Trump previously disclosed investment income exceeding $2 billion in 2025, of which approximately $1.4 billion came from crypto-related businesses; in addition, the Trump family also holds crypto fund assets linked to foreign governments.

The proposal would consolidate agencies such as the Federal Election Commission (FEC), the Office of Government Ethics (OGE), and the Office of Special Counsel (OSC). Trump's relationship with the crypto industry is also one of the main controversies in the advancement of the current U.S. crypto market structure bill, the CLARITY Act.

The White House responded that Trump's investments are managed by independent third-party financial institutions and that there is no conflict of interest. Meanwhile, the CLARITY Act remains under consideration in the U.S. Senate, with no vote scheduled yet. (Cointelegraph)