Schumer proposes anti-corruption bill, questions conflict of interest in U.S. President Trump’s cryptocurrency investments

AiCoin2026/07/31 01:32

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U.S. Senate Minority Leader Schumer has proposed the "Anti-Corruption Bureau Establishment Act," which aims to set up a new agency with law enforcement authority to oversee corruption within the executive branch. Schumer pointed out that U.S. President Trump disclosed investment returns of over $2 billion for 2025, with $1.4 billion related to crypto, and that his family holds more than $1 billion in crypto funds linked to foreign governments. The White House Deputy Press Secretary responded that President Trump's investments do not present any conflicts of interest.

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