Chinese CBDC Prohibition Act of 2026
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 2
- Latest action
- May 20, 2026
What it does
The Chinese CBDC Prohibition Act of 2026 would prohibit money services businesses from engaging in any transaction—directly or indirectly—that involves a central bank digital currency issued by the People’s Republic of China. The bill defines “money services business” using the existing definition in 31 CFR §1010.100 and amends Subchapter II of Chapter 53 of Title 31 of the U.S. Code to add this prohibition as a new section, 5337. It affects money services businesses operating in the United States by legally barring them from processing or facilitating transactions tied to China’s digital currency. The bill also includes a technical amendment to update the table of sections in the U.S. Code…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Where it goes next
While a bill can still move, the questions are about people and money.