Schumer introduces bill following Trump's $1.4 billion crypto income

The US Senate opposition leader, Chuck Schumer, is introducing a bill for a new federal anti-corruption agency. The trigger is the disclosure that President Donald Trump earned more than $2 billion in investment income in 2025, of which $1.4 billion can be directly linked to crypto activities.

In short:

• Schumer proposes the Anti Corruption Bureau Creation Act to tackle corruption within the executive branch.
• Trump recorded more than $2 billion in investment income in 2025, including $1.4 billion via crypto and a crypto fund of more than $1 billion linked to foreign governments.
• Three other senators support the bill as co-sponsors.

Bill targeting the executive branch

Schumer is announcing the proposed Anti Corruption Bureau Creation Act, a law that, if passed, would create a new government agency. The bureau would be empowered to investigate, address and prevent corruption within the executive branch of the US government. Senators Andy Kim, Alex Padilla and Jeff Merkley have added their names as co-sponsors of the proposal.

Schumer explicitly refers to Trump’s crypto activities in his explanation. The law targets situations in which a sitting president financially profits from his position through, among other things, lucrative crypto ventures, as he calls them. More information about the bill can be found on the Democratic Senate caucus website.

Trump’s financial interests in crypto

Trump’s financial disclosure shows that he received more than $2 billion in investment income in 2025. Of that, $1.4 billion came from crypto-related activities. In addition, the Trump family owns a crypto fund worth more than $1 billion that is connected to foreign governments, a detail that Schumer explicitly includes in the text of his bill.

Trump’s crypto earnings have long been at the centre of political debates in Washington. Critics argue that a president with such extensive financial interests in the crypto sector can hardly pursue independent policy in that area. Whether Schumer’s bill will find enough support in the Senate to be passed remains unclear for now.