Scott said he reintroduced the Chinese CBDC Prohibition Act to bar MSBs and related businesses from using a PRC- or CCP-issued CBDC, including the digital yuan.
Reintroduce the Chinese CBDC Prohibition Act to bar money services businesses and related businesses from using a PRC- or CCP-issued central bank digital currency, including the digital yuan.
Occurrences
Evidence
Senator Rick Scott reintroduced his Chinese CBDC Prohibition Act, saying it would prohibit money services businesses, including Venmo, Zelle, currency dealers, and the U.S. Postal Service, from using any central bank digital currency issued by the PRC or CCP, including the digital yuan.
Assessments
The promised action was specifically to reintroduce the Chinese CBDC Prohibition Act, not necessarily to enact it. The evidence states that Senator Rick Scott reintroduced the bill on May 22, 2026, during his current federal Senate term, and that the bill would bar money services businesses and related entities from using a PRC- or CCP-issued central bank digital currency, including the digital yuan. This directly matches the promised action and policy scope, so it counts as delivered in the same term.