Bipartisan Senators Sound Alarm on Chinese Digital Currency Ahead of Winter Olympics

Bipartisan senators want the Biden administration to assess the risks associated with China's development of a new digital currency that could help the Communist government expand its global spy operation.

Senators Bill Hagerty (R., Tenn.) and Mark Warner (D., Va.) are spearheading the legislation, which they say would help the United States combat China's deployment of the currency ahead of the 2022 Winter Olympics. The senators fear the currency will force athletes and others attending the games to provide China with a range of personal information, boosting Beijing's ability to...