U.S. Senate Democrats push to create an 'anti-corruption agency' targeting Trump…what impact will the Clarity Act have?

Senate Democrats led by Chuck Schumer have introduced a bill to create a new federal anti-corruption agency focused on investigating, enforcing, and preventing executive-branch misconduct.

The proposal targets President Trump’s crypto earnings and family business ties, and would combine functions now handled by the FEC, the Office of Government Ethics, and the Special Counsel’s office.

At the same time, the CLARITY Act is facing fresh uncertainty as Democrats raise Trump conflict-of-interest concerns ahead of a potential Senate vote.

The dispute underscores how Trump’s crypto interests are now shaping federal legislation and the outlook for digital asset regulation.