Senator Schumer bill targets Trump’s $1.4B crypto income

U.S. Senate Minority Leader Chuck Schumer introduced the Anti-Corruption Bureau Creation Act on July 30, proposing a federal agency with authority to investigate and pursue executive-branch corruption. Summary Seven Senate-confirmed members would lead the proposed bureau, with subpoena, enforcement and reporting powers nationwide. Trump’s certified disclosure entries totaled over $1.4 billion across crypto-related ventures during calendar year 2025. Four Democratic senators sponsor the bill; its launch materials named no Republican cosponsor on Friday. Senators Andy Kim, Alex Padilla and Jeff Merkley joined Schumer as original cosponsors.The bill cites President Donald Trump’s 2025 financial disclosure and says he received at least $2 billion from investments and business interests, including more than $1.4 billion connected to crypto ventures. The proposal does not itself establish that any disclosed income resulted from illegal conduct. Senate Minority Leader Chuck Schumer Proposes Anti-Corruption Agency as Trump Discloses Over $2B in 2025 Investment Income, Including $1.4B Tied to CryptoU.S. Senate Minority Leader Chuck Schumer introduced a bill to create an agency overseeing ex...