United States Senator Schumer proposed the establishment of an anti-corruption agency with a sword pointing at the Trump encryption operation

On 31 July, Cointelegraph reported that the United States Senate ' s Minority Leader, Chuck Schumer, had introduced the Anti-Corruption Agency Creation Bill, which envisaged the establishment of a new body focused on federal government corruption, which would have the authority to “investigate, enforce and prevent corruption in the executive branch”, composed of seven members of both parties and confirmed by the Senate, with “real law enforcement powers” and “unify” the Federal Electoral Commission, the Government Ethics Office and the Special Prosecutor ' s Office “under one roof”. Schumer specifically named Trump in the bill, stating that it disclosed that the return on investment in 2025 was over $2 billion (of which $1.4 billion related to encryption) and that his family held over $1 billion in encrypted funds linked to foreign Governments. The Deputy Press Secretary of the White House responded that Trump's investments were “no conflict of interest”. The bill requires the support of the Republicans before it can be passed, and Trump can exercise the veto。