A bill to address advertising by digital asset intermediaries, and for other purposes.
Responsible Digital Asset Advertising Act of 2023
This bill sets forth requirements for the advertising of digital assets. Advertisements must not make any false or misleading claims or omit any material fact or qualification. Advertisements must also disclose applicable fees and whether someone was paid for a testimonial.
The Securities and Exchange Commission and the Commodity Futures Trading Commission must enforce this bill and may collect fees to offset the cost of supervising these advertisements.
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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