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Chinese CBDC Prohibition Act of 2026 Legislation by Sen. Scott Analyzed

Bill Intros-Senate
Copyright © Targeted News Service, 2026
2026-05-31
Bailey Malota

WASHINGTON, May 31 -- The Chinese CBDC Prohibition Act of 2026, originally introduced by Sen. Rick Scott, R-FL, on May 20, 2026, has been analyzed by the Congressional Research Service. This legislation aims to prohibit money services businesses in the United States from engaging in any transactions involving the central bank digital currency (CBDC) issued by the People's Republic of China.

The proposed act emerges amidst growing concerns over China's digital currency initiatives an . . .

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